Word: firmnesses
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...book, Ellis traces Goldman's successful management approach to the firm's slow recovery from near failure and mortal embarrassment after the 1929 stock-market crash. (An investment fund it launched was one of the era's biggest disasters.) Goldmanites had no choice but to stick together and look to the long run. The firm's now pilloried entwinement with Washington (some call it Government Sachs) began in those days too, after managing partner Sidney Weinberg made the rare-for-Wall Street move of backing Franklin Roosevelt in 1932. That led to a key role for Weinberg in the World...
Because the Continental starts at $177,600, the decision by Rolls-Royce to price the Ghost at $245,000 was a "quite deliberate" maneuver to create a niche market just above Bentley's more affordable model, says Paul Newton, an automotive analyst for the consulting firm IHS Global Insight. (See the 50 worst cars of all time...
...than ever, he says, Russia needs an independent judiciary and legislature, a free press, real elections, real political parties. The oligarchs, he says, understand that the system cannot survive forever. They are scared and looking for handouts. (At the top of the list is Oleg Deripaska, head of investment firm Basic Element, which has interests in the aluminum, energy and financial-services sectors among others, and recently received a $4.5-billion infusion from the state.) "Once they found themselves in trouble they started this sort of SOS signal, calling on Putin's door, 'Give us the money,' " he says. Lebedev...
...boards and graphics cards until 2007, when it unveiled the Eee PC, a lightweight miniature laptop costing less than $300. These wi-fi-equipped netbooks were enthusiastically accepted by an increasingly bargain-conscious public. Sales are soaring this year even as overall PC sales decline during the recession; research firm DisplaySearch predicts 1 in 4 laptops sold this year will be a netbook. This resounding success vaulted Asustek's Asus brand onto store shelves all over the world. (Read "Little Wonders: Three Netbooks Worth Owning...
...started selling its own touchscreen phone. The HTC Touch became popular in Asia, partly because it was cheaper than the iPhone and could be used on a variety of cellular networks. Based on that success, HTC now ranks fourth in market share for smart phones globally, according to research firm IDC. The company, which is about to release a new smart phone, the Hero, hopes to ultimately become one of the top five handset makers in the world...