Word: ceos
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...Fabrica Italiana Automobili Torino (Italian Car Factory of Turin), many older Americans joke that it really stands for Fix It Again Tony. Plagued by chronic breakdowns, Fiat left the American market in 1983 with it's reputation badly tarnished. But Fiat underwent its own transformation after Sergio Marchionne became CEO of the automaker in 2004 and ushered in new talent and technology. Though facing its own financial troubles, the Italian automaker has since been impressing consumers with its eye-catching exterior designs, steady improvement in quality and updated motors...
...MySpace CEO leaves company after going blind from looking at MySpace pages...
...years ago. That figure is expected to top 1 million in 2009, driven in part by Videotron's ability to attract subscribers to a discounted triple-play bundle that combines voice, cable and high-speed Internet. "We're prepared to fight for new business," says Robert Depatie, president and CEO of Videotron, a division of multinational media company Quebecor Inc. Videotron plans to roll out a wireless network covering Quebec and parts of Ontario...
...future is not, however, much brighter at Paris-based Alcatel-Lucent, the largest maker of fixed-line networks. Alcatel merged with Lucent Technologies in 2006 in a move intended to grow market share, but it has since axed from payroll 17,500 employees, including its ousted American CEO, Patricia Russo, in what has turned into a restructuring and cultural nightmare. "There are no bronze medals in the telecom-equipment market," says analyst Duncan Stewart of Toronto-based DSAM Consulting. He says Silicon Valley's Cisco Systems and Sweden's Ericsson have the biggest market share, fattest margins and most cash...
Bank of America shareholders voted April 29 to remove Ken Lewis, 62, aschairman, thoughhe will stay on as CEO and president...