Word: divisionism
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EMI's financial problem is simple. When Hands bought the 113-year-old British company in August 2007 - just before the credit crunch hit - both he and Citigroup expected he'd be able to finance the $4.2 billion in debt he'd taken on to close the deal. Hands also...
Since then, the company's finances have improved marginally. The record division made nearly $250 million in underlying profit in the fiscal year 2009, while the company's music-publishing arm, which oversees songwriters, generated $208 million. Both profits, though, were wiped out by massive write-downs, which created a...
Caputo also started the day solidly, earning a 6-1 decision against Kurt Brendel, but the most encouraging sign for Harvard came in the heavyweight division. Sophomore Spencer DeSena—competing for the first time this month—posted a dominant 7-0 win to earn the Crimson?...
In late 2005, the 1st Battalion of the 101st Airborne Division's fabled 502nd Infantry Regiment deployed to a 330 sq. mi. ribbon of land south of Baghdad that was dubbed the "Triangle of Death." Underequipped and undermanned, the 1-502nd arrived in perhaps the most dangerous part of...
Reprinted from Black Hearts: One Platoon's Descent into Madness in Iraq's Triangle of Death. Copyright ? 2010 by Jim Frederick. Published by Harmony Books, a division of Random House, Inc.