Word: consumerized
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This trend once alarmed China's Communist leadership. In 1993, the government banned public Christmas celebrations (as well as those for Easter and April Fools' Day). These days, the government has backed off and sees benefit in consumer-led economic growth. That translates into blinking lights and plastic wreaths for...
Ann Fudge stays ahead of the pack. The chairman and CEO of advertising giant Young & Rubicam Brands was married with a child before she graduated from college, and retired from running a Kraft Foods business with $5 billion in sales annually before she hit 50. She left her hiatus last...
Li's success at TCL has mirrored China's rise. After economic reforms took hold about 1980, Li noticed the popularity of imported tape recorders. With government investment, he helped form what he says was China's first cassette-tape company. As incomes rose, telephones caught on, and Li's...
Is Serge Weinberg a genius or a madman? That question is riveting the gossipy fashion industry and investors in Pinault-Printemps-Redoute (PPR), the $20 billion French company that Weinberg has been transforming over the past decade into a European retail and luxury-goods powerhouse. Three years ago, the CEO...
Some stereotypes are true. Republicans drive Jaguars; Democrats drive Subarus. But why stop there? In the age of the overpriced, overmanaged campaign, the data go beyond red-stateblue-state superficiality into far more whimsical superficialities. For instance, Republicans are more likely than Democrats to bowl, according to a survey of...