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Isaacson, a former managing editor of TIME, is president and CEO of the Aspen Institute and author, most recently, of Einstein: His Life and Universe...
Motorola (MOT) is another American business iconic brand which is close to the point of extinction. The company's core handset business has been flailing for close to two years. One CEO was fired over a year ago, but now the firm has two CEOs. One of them was to run the handset businesses after it was spun-off from the main company. That process has been delayed and may never happen. Motorola lost $3.6 billion in the fourth quarter of last year. For that quarter, revenue from the company's handset unit dropped by over half Several members...
...only answer to that is that the board and senior management have decided to keep it that way. It has become harder and harder to defend having entertainment, medical products, and jet aircraft manufacturing under the same roof with several risky financial services units. While the company's CEO has defended that point of view, it is hard to imagine why the board has supported the strategy. The former head of JPMorgan sits on the GE board along with the former CEOs of Johnson & Johnson (JNJ) and P&G (PG). It would be interesting to ask them how they would...
...financed absent the Kuwait joint venture? Rohm has now fairly taken Dow to court and insisted that the deal be completed. It has pointed out that Dow has access to the capital necessary to close. That capital may be expensive, but the legal and ethical obligations are clear. Dow CEO Andrew Liveris has quickly developed a reputation as a man who can't be trusted. That has already started to rub off on the board...
...giving this week at the University of California at Riverside. He sent it to TIME.com managing editor Josh Tyrangiel and me for advice, and we thought it had the makings of a groundbreaking cover story. Walter is, of course, a former managing editor of TIME and now president and CEO of the Aspen Institute, with which we are collaborating this summer on a summit in Aspen that will explore the different ways each of us defines health. (For more information or to register, go to www.aspenhealthforum.org...