Word: ceo
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...course, the other growth engine for tech is handheld devices, and none is more exciting these days than Apple's iPhone 3GS; the company reports selling more than a million devices in the first three days after the product's introduction. "Customers are voting, and Apple is winning," CEO Steve Jobs was quoted as saying in an Apple press release. It was the first time Jobs had spoken for the company since he went on medical leave in January. Such strength will help offset weakness in Apple's computer business - sales were still declining on a year-over-year basis...
...circulating in Congress contains a weak renewable-energy standard -just 20% of U.S. electricity would need to come from renewables by 2020, but that allows for nuclear power, and many utilities would be allowed to escape the requirement altogether. "We're off to a slow start," says Peter Duprey, CEO of Acciona Energy North America, which operates wind, solar and biofuel plants. "I'm disappointed with how things have gone [under Obama...
...driven, patient-focused medicine is not necessarily profitable medicine. Last year, Mayo lost $840 million on $1.7 billion in Medicare work. It compensated by charging private insurers a premium for the Mayo name, but they're starting to balk. "The system pays more money for worse care," says Mayo CEO Denis Cortese. "If it doesn't start paying for value instead of volume, it will destroy the culture of the organizations with the best care. We might have to start doing more procedures just to stay in business...
...into the Kindle. Any new retail channel for books is a godsend. They're just concerned that the precedent being set is unworkable. "Amazon picked a cost in the beginning that they believed the consumer would like, and of course, the consumer likes it," says Carolyn Reidy, president and CEO of Simon & Schuster. "Who wouldn't like a price that was significantly lower than the price the hardcover is? And we think it's too low." (Grandinetti sticks to his guns: "We believe our approach to digital books allows authors, publishers and retailers to run profitable businesses yet still pass...
...million in compensation, was hired in 2006 after an exodus of investment managers left HMC with a substantial vacuum in its bond division. Former bond managers Maurice Samuels and David R. Mittelman, who earned $25.3 million and $25.4 million respectively in 2004, left the company with legendary HMC CEO Jack R. Meyer in 2005 to form a private hedge fund, Convexity Capital Management, after enduring repeated public criticism for what some considered to be exorbitant...