Word: ceo
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...bigger worry for Branson is that some larger shareholders are coming out against the deal. Philip Richards, CEO of the hedge-fund RAB Capital, which owns 6.5 % of the bank, released a statement saying, "We do not believe that this proposal reflects the true value of Northern Rock and we would expect either that this proposal be improved or that alternative proposals be brought forward...
...only problem with potato chips. Frito-Lay, after realizing that its factories burn enormous amounts of energy, plans to take its Casa Grande, Ariz., facility off the power grid. Scheduled for 2010, the new design is capable of reducing electricity and water consumption 90%. Parent corporation PepsiCo's CEO says the company will be content to reach even 50% of the program's potential. Here's the plan...
...give Edwards credit for holding fire, and feel the hot, dry winds blowing on this issue. They got Virginia Republican Warner's attention when business leaders like GE CEO Jeff Immelt came out in favor of mandatory caps on carbon emissions, a move that also blew down the straw house of the deny-and-delay crowd. The legislation that Warner has written with Lieberman, an Independent, combines elements of earlier, stillborn bills, and it won crucial backing from California Senator Barbara Boxer, Democratic chairwoman of the Environment Committee. "This is an election issue," she says. "Voters need to know which...
Social networks are a lot like nightclubs, and Friendster was the place to be in 2004 and '05, before MySpace came along and stole its mojo. In short, Friendster got boring. "It's like a high school dance," says Max Levchin, CEO of Slide, a top maker of image-based applications for social networks. "Everyone shows up and nobody does anything, because there's nothing...
...Facebook and MySpace are trying to morph from the high school gym--a place for flirting and gossip--into one-stop entertainment destinations. "MySpace is your starting point to the Internet," says CEO Chris DeWolfe, who recently rolled out features that let MySpace members play casual games like online poker and watch mini-videos of '80s TV shows like Fantasy Island and Diff'rent Strokes. Facebook has gone even further. In August it sent out an open invitation to software developers to devise new widgets. Three months later, Facebook has some 7,000 free add-on applications that let members...