Word: dollarization
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...Clint Eastwood, 75, #6 last year. Most recent on-screen role: Million Dollar Baby...
...is Nicole Leibinger-Kammüller still smiling? The chief executive of Trumpf, a family-owned machine-tool firm in Germany, has watched orders from the critical U.S. market slow significantly in the past few months. But while the housing-bled U.S. economy has been sluggish, and the dollar weak, it's all proving quite manageable. "We can feel the U.S. slowdown, but it's not unsettling. There's no crash," Leibinger-Kammüller says. Trumpf's sales of its metal-cutting machines elsewhere--to Saudi Arabia, to Singapore and especially in Germany--continue to rack up double-digit growth rates...
...Nicola Leibinger-Kamm?ller, the chief executive of machine-tool firm Trumpf, certainly hopes so. The euro's current exchange rate of about $1.30 is painful "but not existential," she says, as the firm has used currency transactions to hedge against the risk of a weaker dollar. Trumpf's strong sales growth is in large part the fruit of geographical diversification by the company: it established a subsidiary in the U.S. way back in 1969 and opened an office in Japan eight years later. It's currently investing in facilities in the Czech Republic, Mexico and South Korea. "Our main competition...
...lost its desire for a bit of decorum and savoir faire. In fact, it insists on it, one reason that some law and financial firms have reverted to suits and ties for men. Etiquette isn't easy for the generation that wears flip-flops on Fridays or closes billion-dollar deals in Denny's, as YouTube and Google famously did. So business schools and corporations are hiring Biz Et experts like Pachter to groom their charges in matters ranging from fork selection to the proper way to address...
...refold your napkin and put it on your chair. When you leave the table for good, put your napkin, neatly folded, to the right of your plate. And if you don't like the food, eat it anyway. Says Von Sperling: "I'm not going to blow a million-dollar deal by offending my hostess. Just open wide and swallow...