Word: desmarest
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Dates: during 2000-2009
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...jeans to four-star-hotel stays are suddenly a bargain. (Bookings are up 30% at Germany's largest tour company, TUI, which has been able to cut trip prices as much as 26%.) But euro-land companies are suffering. Exports from Germany to the U.S. are down 10%. Thierry Desmarest, CEO of French oil giant Total, says the dollar's move over the past two years means "we have practically lost one-third of our earnings." Bic, the French firm that makes disposable shavers, says the weak buck has shaved 75% off its sales growth...
...showed agonizing pictures of oil-drenched beaches and suffocating seabirds. For two long weeks, Total stood behind the thin excuse that the tanker did not belong to the company. "What we didn't know at the beginning was that we had a genuine catastrophe on our hands," said Thierry Desmarest, Total's chief executive, later. To re-establish credibility, Desmarest put in place a high-level team charged with devising new standards of behavior and ensuring they are implemented. Cordier, 56, was appointed ethics czar and set up an ethics committee in 2001. He reports directly to Desmarest...
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