Word: exitement
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...Ferdinand Piëch, who is both chairman of VW and a key shareholder. Pischetsrieder, 58, was replaced by the head of Audi, Martin Winterkorn, 59, a Piëch loyalist. VW's financial prospects have brightened in recent months, and investors and industry officials fretted that Pischetrieder's exit could jeopardize the restructuring. "We see it as negative for VW," reckoned Credit Suisse analyst Harald Hendrikse. At France's Peugeot Citroën, Europe's second largest carmaker, Christian Streiff was appointed to succeed Jean-Martin Folz, 59, after he failed to reverse slumping sales. Streiff...
...Exit Signs...
...while there's a certain amount of schadenfreude over his exit, the notion that Iraqis are celebrating the end of "the man responsible for Abu Ghraib" (as some Western media reports are suggesting) is vastly overstated...
...speedier withdrawal would be bad news for people in the Green Zone. Some see the Dems' victory and Rumsfeld's exit as the latest in a long line of bad omens, which include the creation of the Baker committee and the ever louder drumbeat of gotta-change-strategy rhetoric emanating from Washington in recent months. "There are changes coming [in America's Iraq strategy]," says Zuhair Humadi, a former general-secretary of the Iraqi cabinet of ministers. "Rumsfeld leaving is the first step...
...Iraqi government is making the usual polite noises about Rumsfeld's exit and the Democrats' victory being "an internal matter for the Bush Administration." But it, too, is trying to put a positive gloss on this week's events. Bassam Ridah, an advisor to Prime Minister Nouri al-Maliki, told TIME: "We're not going to make a big deal of [Rumsfeld's departure]. We're going to hope that his replacement benefits us. We're hoping the change will mean better execution of the plan to train Iraqi security forces to take charge of the security situation...