Word: ceos
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...says it's got the message that it needs to change, but it doesn't agree the Mac model is dead. It is sacking a quarter of its 1,600 staff and selling off assets like Spanish wind farms and a Tasmanian power station. New CEO Michael Larkin says deals will be curtailed and executive pay based solidly on "investment outcomes." It remains to be seen if those remedies have come in time to save the patient...
...time, foreign investment in Saudi Arabia has nearly doubled, to $23 billion. "Foreign businesses are looking at us differently," al-Dabbagh boasts. Companies with a long history of working in the kingdom say they've noticed the difference. "The say/do factor has improved significantly," says Nabil Habayeb, GE's CEO for the Middle East and Africa. "When the government tells investors it will do something, it usually gets done...
...normally bank-financed are lagging. Customers are telling his sales staff, "We just need to circle the wagons and wait this thing out," Guernsey says. That's true among large corporations too. "People are putting projects on the shelf because the uncertainty came in so fast," a FORTUNE 100 CEO tells TIME. "Everybody in the boardroom is questioning, You want to reinvest now?" And if businesses stop spending, the pain will be felt in industries from steel to construction to carpets...
...does anyone want to invest now? For many people opening their third-quarter brokerage statements, the news is grim. "Our call volumes are up 100%. We are just on fire here," says Gary Bhojwani, CEO of Allianz Life Insurance in Minneapolis, which sells annuities--insurance products that trade off risk and the potentially higher returns that stocks or bonds offer in exchange for a guaranteed payback. (Most annuities are guaranteed by state insurance regulators.) Investors who wouldn't know an annuity from a pineapple are asking one question: Is my money safe...
...puffing on a cigar, sitting in an overstuffed office chair while overlooking the hills of Hollywood. However, the time has come for us all to do some re-imagining. Replace the fat guy with a trim, L.A.-chic woman named Stacey Snider. Snider, the highly fashionable Co-Chairman and CEO of DreamWorks Studios and former CEO of Universal Pictures, recently spoke at Harvard’s Women in Business Intercollegiate Business Convention, addressing over 700 ambitious young women eager to be the next leading lady. The key to becoming the (wo)man on top, she said, was a lesson...