Word: ceos
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...there are tides, and there are currents. I keep thinking of something I heard Mohamed El-Erian, CEO of bond-investing giant Pimco, say at a conference in April: "We are so focused on whether recovery will be at the end of this year or the beginning of the next that we lose sight of the more important question. It's not whether the recession will be over; it's, What does the new normal look like?" (Watch TIME's video of Peter Schiff trash-talking the markets...
...York City Public Schools Chief Operating Officer Photeine M. Anagnostopoulos ’81, and the Smithsonian’s Director of the Museum of Natural History Cristián Samper won six-year terms in an alumni vote to serve on the 30-member board.Former CEO of Vertex Pharmaceuticals Joshua S. Boger, who received the sixth most votes, will serve the remaining three-year term vacated by Arne S. Duncan ’86, who left to serve as U.S. Secretary of Education...
...European carrier Ryanair promises to follow through, within two years, on its threat to charge travelers to use onboard toilets. That luxury will cost you 1 pound ($1.60). The airline will also eliminate airport check-in desks, instead charging passengers 5 pounds ($8) to self-check in online. Ryanair CEO Michael O'Leary considered asking passengers also to load their own luggage, but security officials say that's impractical, logistically speaking...
...idea backed by Governor Arnold Schwarzenegger, 2010 gubernatorial candidates Meg Whitman, Gavin Newsom and Jerry Brown and, polls suggest, two-thirds of voters. The 1879 state constitution is the third longest in the world, and it has more than 500 amendments. But to gather this convention, Bay Area Council CEO Jim Wunderman has to put an initiative on the 2010 ballot. "It's ironic, right? We need an initiative," he says, "to get rid of the initiative...
...Rudd insists Australia remains open for investment from all comers. And that may well be true. But whether the Chinese remain interested in Australia might be another story. Recently, Fu Chengyu, the CEO of CNOOC and the man who tried to acquire UNOCAL in 2005, told reporters from TIME and Fortune that his company was still keenly interested in overseas investments. And then added, smiling, "though not in North America...