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...there's no pressure on costs. Reithofer is a process engineer by training and set up the customized-production system. He's insisting on efficiency gains of at least 5% annually, "an iron goal," as he puts it. Every year BMW sits down with its suppliers to discuss specific savings targets, but it also canvasses them for creative ideas about possible cost cuts they can undertake together. Klaus Richter, a former McKinsey consultant who's now BMW's procurement man, says some 10,000 such suggestions have been made in the past three years, of which about a third have...

Author: /time Magazine | Title: BMW Drives Germany | 7/5/2007 | See Source »

...They wanted me to be introducing a study conducted by the EastWest Institute,” Stern said, explaining how her ordeal began. The study was called “Violent Extremism and Radicalization,” and Stern said that her speech was intended to discuss “intra-faith dialogue...

Author: By Abby D. Phillip, CRIMSON STAFF WRITER | Title: Stern Weathers Stern Onslaught in Speech Aftermath | 6/29/2007 | See Source »

...explained that he had discussed his decision to resign in the spring with Knowles and Pilbeam but waited until he had the chance to discuss it further—as well as the date of the completion of his service—with Faust and Smith. With Smith beginning his term in the middle of July, "we chose the end of August to give him some time to choose and recruit a replacement," Gross wrote. Gross will conclude his tenure as dean...

Author: By Brittney L. Moraski, CRIMSON STAFF WRITER | Title: With Goals Accomplished, Gross Leaves Overhauled College | 6/29/2007 | See Source »

...opening day of the World Economic Forum on Africa, and Presidents, finance ministers, tycoons, bankers and philanthropists from 42 countries had descended on Cape Town to discuss the future of the continent. To welcome them, South Africa's President, Thabo Mbeki, was hosting a dinner at which he would talk of his nation's rich potential. The free, first-come, first-served tickets for the meal had gone fast. Unabashed, an African executive in the queue beside me tried to bribe his way in. "I'll leave the money here," he declared. "Just tell me how much...

Author: /time Magazine | Title: Where Investors Fear to Tread | 6/28/2007 | See Source »

...feeling is mutual. On June 24, Secretary of State Condoleezza Rice met with Kouchner to discuss how to further turn up the heat. That's no easy feat with an intransigent Sudan still being protected by its ally China. But Kouchner, with his long history in war-torn Sudan, at least brings a new and hopeful element to the table: credibility with both sides...

Author: /time Magazine | Title: Can This Man Save Darfur? | 6/28/2007 | See Source »

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