Word: downturn
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...most influential CEO ever, Jack Welch. Immelt made his name boosting the fortunes of GE's Medical Systems business, and barely three months into his new job, he is already casting a large shadow. Despite the sour global economy, a debilitating advertising slump at NBC and a serious downturn in his jet-engine business, Immelt paid $2 billion in October for Spanish-language TV network Telemundo...
...able to trust one another to behave in the best interests of the team." Some companies assume that in hard times, their workers will be grateful to have a job and be unlikely to jump ship. But, Stum says, "employee commitment is critical to pulling out of an economic downturn...
...very short run, financials. I want to highlight Fleet Boston. They have a very strong management team. They did a very interesting thing at the beginning of this year. They knew they had some loans on their books that could be problematic as we went into an economic downturn, and they consolidated them and basically got them off their books very early...
...which is 58,000 rooms. The hotels are Westin, St. Regis, Sheraton. This year earnings are going to be down for obvious reasons. What I like is on the macro side. Construction in new hotels is going down dramatically, so when we come out the other end of this downturn, they're going to have huge pricing power...
...threat to the majors from the discounters has become very real. Carriers like Ryanair, easyJet, Buzz and Go, which concentrate on short-haul routes, have been almost impervious to the downturn in transatlantic travel. They're thriving. Ryanair, which earlier this month became Europe's most valuable airline with a market capitalization of $5 billion, announced a 39% rise in profits for the six months ending Sept. 30. EasyJet posted an annual profit of $58 million...