Word: coos
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Warner Bros. president and COO Alan Horn insists that none of the chaos or overruns worried him. "We can plan a budget in advance," says Horn, "but it's a little tricky, you know? We're sacking Troy. I had complete faith in Wolfgang. I wouldn't have him do Miss Congeniality, but with this, I was not concerned...
...making the first crossover Bollywood-style musical: Bride and Prejudice, with Jane Austen's Bennet family transformed into Anglo-Indians and Bollywood goddess Aishwarya Rai in the lead. "It's got the love story, it's got the songs, it's fun--like a Grease," rhapsodizes Rick Sands, COO of Miramax Films, which will distribute Bride in the U.S. "It's a Bollywood musical, but it's not going to be 3 1/2 hours long." Chadha, who says, "I don't make Bollywood films, I make British films," calls Bride "a Bollywood-inspired movie for a Western audience...
Sage, the new COO of Tata Technologies, the automotive-software division of India's largest conglomerate, is no stranger to the world stage. During his two-decade career at IBM, he not only helped design a Mercedes plant in Alabama but also merged GM's information technology with its South Korean partner, Daewoo Motors. At Tata, Sage plans to cash in on outsourcing; a group of Tata engineers is already writing code for GM and Chrysler. A carpenter's grandson, Sage, 51, leaves behind more than IBM as he departs for India; he now has to sell the log cabin...
...Europe's largest provider. Customers won't even need the BlackBerry itself - they can get the same functions on one of several multipurpose phones, like the Sony Ericsson P900. (No word yet on cost.) Why move beyond the eponymous handheld? With the high rate of European mobile usage, RIM COO Larry Conlee says: "If it doesn't have phone functionality, it doesn't get started here." BlackBerries can be used as phones, but RIM knows that few make calls on them. - By Jim Ledbetter Take Two Aspirin ... German drug-and-chemical firm Bayer posted a €1.36 billion loss...
According to a new study, chief operating officers can be likened to your appendix. Not only are they unnecessary, but they can also turn into expensive problems. The study, which will appear later this year in Strategic Management Journal, concludes that companies with a CEO-COO combination substantially underperform those without a second-in-command. For boards of directors, the COO position is always a thorny issue, particularly if they have strong-willed CEOs. Researchers examined 10 years' worth of data, from 1987 through 1996, for more than 400 companies in 21 industries to yield a sample...