Word: ceos
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...automobile business is great. Just ask someone who's in it. "People want to buy cars," says Rod Buscher, CEO of Summit Automotive Partners in Denver, which owns 30 assorted dealerships nationwide. And he really wants to sell cars. The problem is that would-be buyers lack either the income or the access to credit that would allow them to drive a new Malibu or Lincoln or Camry off the lot. That won't last forever; in fact, the automobile business figures to be good in 2011 and terrific in 2012 - which also happens to be an election year...
...whether any U.S. automobile manufacturer will live long enough to enjoy it. President Barack Obama would rather bridge General Motors to the future than see it collapse, but he has now made it clear that the GM we know and don't really love is finished. So is GM CEO Rick Wagoner, who was told to hit the road, his three decades of service to GM - and strong support within the industry - now considered a liability. "This is not meant as a condemnation of Mr. Wagoner, who has devoted his life to this company," Obama said in condemning him. "Rather...
...timely story line, a scandal-plagued CEO (Frasier's John Mahoney) pays Paul in cash and offers him "bonuses" as a way to exercise control. "One thing I learned from my father: pay as you go," he says. "It's cleaner that way." (Dad turns out not to have been such a good role model.) And Hope Davis is edgily mesmerizing as a self-destructive lawyer...
When asked how online dating giant eHarmony.com went from one just user to millions of singles seeking love, CEO Gregory L. Waldorf said, “Just sheer hustle.” About 15 people gathered on the fourth floor of Harvard Student Agencies yesterday in an event sponsored by the Harvard College Entrepreneurship Forum to listen to Waldorf talk about his experience with the match-making start-up. Waldorf joined the company in August 2000 as a founding investor. The main question Waldorf addressed was a central problem facing Internet entrepreneurs. How can online businesses devise a model that...
...failing to anticipate plummeting demand for gas-guzzling SUVs and neglecting to explore energy-efficient technology, causing it to cede U.S. market share to foreign competitors such as Toyota. In particular, analysts have recently attacked Wagoner for the restructuring plans he enacted during his eight-year term as CEO, which included dozens of plant closures and thousands of worker layoffs, describing them as too little, too late. Several of Wagoner’s classmates, however, called his forced departure a unjustified political sacrifice to appease growing public dissatisfaction with big business. They pointed to GM’s success...