Word: ceo
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...family discord has been on the rise since 2005, when Porsche's fiercely independent CEO Wendelin Wiedeking started buying up VW stock in order to safeguard the luxury sports carmaker's future. His vision was to merge the two companies into a single holding that would create substantial economies of scale and enable Porsche to avoid being penalized under new European rules governing auto emissions and fuel consumption standards; by being part of the bigger VW group with its range of low-emission, fuel efficient cars, Porsche's sports cars wouldn't stand out, Wiedeking reasoned...
...competitors, things are deeply grim for newspapers. Which only made the Washington Post's new revenue-generating idea even more mystifying. The wording on an invitation it sent out, as first reported on Politico, offers business executives "an off-the-record dinner and discussion at the home of CEO and Publisher Katharine Weymouth." That is, if the invitees pony up between $25,000 (to sponsor one dinner) and $250,000 (to sponsor 11 dinners - buy 10, get one free...
Weymouth's decor and catering are perfectly acceptable, we hear, but what really made the evening worth the coin is the guest list. Joining the CEO at the intime gathering of 20, according to the flier, would be "Obama administration officials, Congress members, business leaders, advocacy leaders and other select minds," plus "health-care reporting and editorial staff members of The Washington Post." In other words, for a fee, businesses and lobbyists could have access to the sort of high-level opinion makers that the Post has access to as well as the journalists, all in a cozy...
That, we guess, would have been the job of Weymouth, 42, who is the granddaughter of Post's longtime publisher, Katharine Graham, and has only been the Washington Post's CEO since February of last year. Unlike her uncle Donald Graham, current chairman of the Washington Post Co., and the man she is expected to succeed, Weymouth, 42, never worked as a journalist, joining the family company in 1996 as a lawyer...
...steering erratically. Ford already has a system that allows parents to limit the speed of a vehicle driven by a youthful motorist, and Mercedes-Benz's new E-Class comes with a system that issues an audible warning if the driver gets drowsy. (Watch an interview with Ford CEO Alan Mulally...