Word: competitors
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...years. I don't know if CalPERS owns those awful stocks. The point is that real losers are out there. Dumping on Reebok is like saying you don't want Shaq on your team because he isn't Michael Jordan. Reebok founder and CEO Paul Fireman, a fierce competitor, chickened out of publicly responding to CalPERS. That, I think, is a measure of how powerful money managers have become and why CalPERS needs to be more careful about whom it puts on the list. It has become closely watched and uniformly accepted as investment gospel. Not only...
...Russia are being taught concepts such as profit, loss and capital accumulation. The article reports: "A new textbook published this year, Economics for Little Ones or How Misha Became a Businessman, tells the story of a simple but industrious bear who opens a...store in the forest. His sole competitor is described as Winnie the Pooh's Over-priced Golden Beehive Cooperative, and Misha soon trades his apron for a three-piece suit and a cellular phone to become the forest's first tycoon...
...enjoys a nearly 3 million-subscriber lead over CompuServe, its nearest competitor, and boasts a monthly revenue stream upwards of $140 million, a number that is a fantasy to the people who run your average Top 10 Websites. Although it could be spring before all the improvements are felt, most users will probably stick it out. AOL has improved its features over the years so that no other online service can match it for ease of use. AOL also has another advantage: changing an E-mail address is as inconvenient as changing a real...
WOONSOCKET, Rhode Island: CVS Corp. announced plans to purchase competitor Revco in a $2.8 billion deal that will make CVS the nation's biggest drug store chain. The move is another in a growing series of consolidations as traditional, large-scale drugstore companies try to combat fierce price and product competition from supermarket and mail-order pharmacies. Revco, which has more stores but smaller revenues than CVS, had planned a similar deal last spring with competitor Rite Aid, but the Federal Trade Commission blocked the acquisition over antitrust concerns. The FTC has not yet approved the CVS-Revco deal...
...McDonald's trains a burger flipper to use a computer to monitor inventory," says Shapiro, "the employee's new skills may enable him to win a better position with Red Lobster or K Mart, and the competitor reaps the benefit of McDonald's training investment." This market failure hits average workers hardest. As Clinton has noted time and again, large corporations spend whatever is necessary to ensure that their executives are up to date on management techniques because, says Shapiro, "improving the decisions of supervisors produces higher returns from the workers they direct." Those at the top receive the education...