Word: corpe
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...course, that sidesteps the question of whether HP and Compaq can successfully merge without leaving the floor slick with blood. Most large-scale tech-firm mergers have been hideous disasters. Compaq's last acquisition, the Digital Equipment Corp., was a textbook example of how not to do it. Good products died, top talent fled and resentment lingered for years after management cut 15,000 jobs. Now HP plans, upon the merger, to lay off 15,000; it also hopes for cost savings of $2.5 billion. A team of 500 is working full time on integrating the companies, though most...
...Those assets are absent for good reasons, particularly when it comes to the mainland. Broadcasting resources in China are owned, tightly controlled and censored by the government. There simply aren't many ways for overseas broadcasters to get signals to the public. Rupert Murdoch's News Corp. beams some programming into the country through its STAR satellite business and its joint venture with Phoenix TV, a 24-hour news channel based in Hong Kong. Meanwhile, AOL Time Warner (TIME's parent company) has invested in CETV, another Chinese news and entertainment channel. But, it is technically illegal for most Chinese...
...Connections, not cash, will allow Tom.com to butt heads with much bigger rivals. Li's principal advantage is his ability to make nice with the Chinese government in ways that AOL Time Warner and News Corp., purveyors of Western programming and news that does not match Beijing's worldview, cannot. Li will never slip up as Murdoch, the News Corp. chairman, did in 1993 when he declared in a speech that foreign media have the power to topple totalitarian regimes everywhere?a statement that got him temporarily banned from conducting business in China. Conversely, Li's easy rapport with Beijing...
...This fact has informed all of Tom.com's decisions. Wang, the CEO, is a mainland-born former Goldman Sachs executive director with sterling credentials in Beijing and an expertise in closing deals on the mainland. He has already formed a joint venture with the China National Publications Import & Export Corp., which controls 90% of China's foreign publication trade, and is letting its government-assigned managers help him decide which magazines and books to take to market. Tom.com also has strong connections with China's sporting industrial complex, which could come in handy come the 2008 Olympics...
Ward, 51, makes sure the freight trains run on time--no easy task, given his company's history of delays. As president of CSX Transportation, operator of 23,000 miles of rail in the Eastern U.S., Ward has steered the largest unit of CSX Corp. onto a steadier track by integrating assets purchased in 1999 and repairing rails that concerned regulators in 2000. CSX has just reported a profit of $65 million in the fourth quarter--up 20% over 2000, despite the recession...