Word: ceos
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...relaxation beverage" called Drank, there's strong demand for the anti-Red Bull too. The company's revenues, though small, were up 198% in 2008, to $2.2 million, and it turned a $172,000 profit last year, compared with a $320,000 loss in 2007. Peter Bianchi, founder and CEO of Innovative Beverage, says first quarter '09 revenues, fueled by Drank's success, are up 534% year over year. During the past few months, the company has signed a slew of distribution deals in places like Atlanta, St. Louis, Mo., and Grand Rapids, Mich. And at the end of April...
General Motors appears to be on a fast road to bankruptcy. CEO Fritz Henderson has already described a bankruptcy filing as "probable" as the Treasury's June 1 deadline for reorganizing the company draws near. Also, the fact that GM announced it was moving up its date for paying suppliers to May 28 from June 2 further suggests that bankruptcy is likely, says Brad Coulter of O'Keefe & Associates of Bloomfield Hills, Mich., which specializes in helping distressed manufacturing companies. "To me, it's a pretty clear indicator that they plan to file right around the June 1 deadline...
...bondholders complain that neither GM nor the Treasury has held any kind of serious discussion with them. In fact, CEO Henderson has described the offer to bondholders - 225 shares of GM stock for every $1,000 of bond face value - as a take-it-or-leave-it proposition...
...disease initially known as swine flu could not be contracted by eating pork, consumption of pig products dropped rapidly in the wake of the virus's spread. "That is our biggest concern - the economic impact of people shying away from eating our product over fear," C. Larry Pope, CEO of Smithfield Foods, told the Richmond Times-Dispatch on May 5. The National Pork Producers Council estimated that between April 24 and May 1 - the most frenzied days of the H1N1 outbreak so far - the disease cost the pork industry $7.2 million...
...parents, however, had always stressed academics and leadership, she said. Both Harvard Law School graduates, her mother is a practicing lawyer in St. Louis who also does public interest work, and her father is a CEO at a company he started...