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...have such enormous scale and low cost structures that they can use aggressive pricing to bleed their rivals. Other relatively smaller players, like Toyota, Steel Dynamics and Southwest Airlines, are so efficient and innovative that they can steal customers away from lumbering giants. Certain companies, like online-auction dynamo eBay, offer a service that lots of struggling firms and consumers are eager to use in hard times...
...WHITMAN President and CEO, eBay Though most dotcom bosses can't get an investment bank to return their phone calls these days, Whitman and her company are held in such esteem that she has been named to the board of Goldman Sachs. Whitman, 44, joined eBay in 1998 and applied the lessons she learned at such old-economy firms as Hasbro and Disney. She did adopt some New Economy habits. Rather than preside from an office, she sits in a cubicle among her employees. Whitman was once criticized in Silicon Valley for stressing profitability over growth, but many...
Should you really go out and buy a gas mask? And if so, is that fancy piece of gear on eBay going to do you much good? These are some of the questions people are asking this week, and to provide some answers, we've launched this commonsense guide as a continuing resource on preparing for any sort of emergency. Plus there's On magazine's guide to the Web resources for scientific information on terror threats, from anthrax to VX. time.com/unhysterical...
...French foo-foo food smothered in cream. Waters' anniversary meal cost $500 a head and featured lamb, spit roasted over oak and cherrywood fires, served with sauteed chanterelles, and mulberry ice cream cones for dessert. Missed the foodie event of the year? Waters is offering her services on eBay, with proceeds going to her Chez Panisse Foundation for youth and community projects. Bids for a Waters-prepared dinner for eight start at $44,000. The anniversary dinner was a bargain...
Starbucks says its Passport-only policy is being done on a "test basis" and will be re-evaluated in the early fall. The company will then consider whether to keep the exclusive arrangement, adopt multiple registration plans (which eBay announced last week) or develop a system with even greater privacy protections--one in which private data would be discarded when a transaction is completed...