Word: ceo
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...become a one-trick economy that is dangerously reliant on the gaming industry. Gambling taxes now account for three-quarters of the government's revenues. The industry has grown so rapidly, it is even stunting the development of other sectors by vacuuming up the best talent. Says Lawrence Ho, CEO of Melco Crown Entertainment, one of Macau's casino operators: "When one sector grows so fast, the rest of the sectors can't catch...
...Each one also bears the potential to cross over to international viewers in the way that Ang Lee's Crouching Tiger, Hidden Dragon did after it was released in 2000.) "I can say the China market is even more important than the Hong Kong domestic market," says John Chong, CEO of Media Asia, a leading production house and a backer of Peter Chan's historical movie The Warlords - the big winner at the Hong Kong Film Awards in April. In fact, no filmmaker aiming for a significantly larger audience or budget can afford to ignore China, whether they're making...
...Moscow From Russia: Get Out Robert Dudley, CEO of TNK-BP, a lucrative joint venture between British oil giant BP and a Russian consortium, has left the country following what BP called a "campaign of harassment" by Russian authorities, aimed at gaining control of the company. Dudley continues to run TNK-BP, which provides a quarter of BP's global production, from a secret location...
...criminal charges have been filed in connection with the slush-fund scandal against either von Pierer, whose tenure as CEO stretched from 1992 to 2005, or Kleinfeld, who became CEO in 2005 and resigned under pressure in April 2007 as the bribery investigation widened. Both men maintain their innocence. Nevertheless, the supervisory board is seeking compensation for damages to the company, which it claims resulted as a failure of the executives to carry out their oversight responsibilities...
...Winfried Seibert, von Pierer's lawyer, said his client "takes note of the supervisory board's decision with shock and regret and will defend himself" against the allegations. Kleinfeld, who became CEO of U.S. metals group Alcoa Inc. in October 2007, issued a statement suggesting that the whole affair will blow over. "I have great faith in the German judicial system, and that is why I am not concerned about this development," he said in a statement released by Pittsburgh-based Alcoa...