Word: ceo
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...Analysts such as Aboulafia see a future that favors Boeing's smaller, all-composite 787 (assuming it ever gets built). Airbus is already developing a new not-so-jumbo jet, the A350, for that purpose. But Air France CEO Pierre-Henri Gourgeon is sticking by his hub strategy. The skies are getting crowded, and he'd rather have the A380 to collect passengers in Paris from all over Europe and deliver them to places like New York and Johannesburg. "It's just like the big cities today," he says. "It doesn't make sense to add a lot of small...
...Lehman. It's the key battle, in a sense, since Lehman was a major force behind the subprime-mortgage bonds that were the culprits in the collapse. Gasparino is particularly good at capturing--via the profane, telling quote--the high-noon drama of the meltdown. When Morgan Stanley CEO John Mack tells Lehman boss Dick Fuld, "There are rumors that you guys are in trouble," Fuld, the "Gorilla of Wall Street," answers with tough-guy bravado, "It's bullshit." Lehman's stock price was soon in free fall...
...Hawker Beechcraft. Cessna, the largest company in the category, has halved its workforce of 16,000 this year because projected 2009 deliveries were cut almost in half, to 275. "I don't think the market will bottom out until the middle of next year," projects Jack Pelton, Cessna's CEO. "Then we will slowly crawl out of this predicament when corporate earnings improve in 2011." The demonization of corporate jets by Congress, prompted initially by the CEOs of the Detroit automakers, has helped kill thousands of jobs. The corporate-aviation market provided 1.2 million high-wage jobs...
...show, Oprah has confirmed she will "appear on and participate in" programs on OWN. Instead of taking their Oprah straight up for an hour a day, it seems viewers are going to get a taste of her everywhere. Ben Silverman, the former co-chairman of NBC Entertainment and now CEO of new media firm Electus, is buying. "Her willingness to migrate to cable shows that content and brand equity travel with her," he said at an event to launch Notional, a web and TV content company. "She's betting on a future where content can live across multiple venues...
...Jesper Koll, president and CEO of Tantallon Research Japan, argues that when falling prices are factored in, the country's nascent recovery is weaker than recent positive GDP growth numbers suggest. "We've got the consumer price index falling by 2.5%, wages falling by about 2.0%, winter bonuses falling by about 14%, and the Nikkei (stock market index) going down," he says. "All the growth we're seeing is because of arithmetic." Complicating matters is the strength of the Japanese yen, which has gained 6% on the dollar in the last three months. Prices generally decline in a strong currency...