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Brought in after a bribery scandal to present a fresh face of reform to German engineering firm Siemens, former Merck executive Peter Lscher has ratcheted up accountability and cut down on management committees. He talked with TIME's Bill Saporito about the challenge of change...
...examination of his lifetime of visiting and writing about the U.S. helps provide insight into what drives the Pope: his intellectual curiosity, his search for national models that can accommodate Catholicism as the vibrant minority in a position that he feels may be its next world role and his firm commitment to combine faith with practical reason. It is also a rather touching valentine and a testament to Benedict's surprising openness toward a very different culture that he sees us as the world's best example of how such things can be done...
...secure offices in Mumbai (formerly Bombay), Bangalore and Gurgaon (outside Delhi), who typically earn $6,000 to $30,000 annually, do legal grunt work. Alexander's sentiments may explain why outsourcing is blossoming in the legal profession, which is known--and often despised--for its high prices. Law-firm partners bill at a national average of $318 per hr. and at $550 per hr. at large New York City firms, according to a 2007 survey by Altman Weil, a legal-consulting company. Starting salaries for attorneys at some large firms now stand at $160,000. So a U.S. company...
ValueNotes, a business-research firm based in Pune, India, says a subset of KPO called legal process outsourcing (LPO) has grown revenues 49% from 2006, to $218 million last year. The figure will nearly triple, to $640 million, by 2010, it says. ValueNotes counts more than 100 legal-services providers in India, ranging from a handful of overseas corporate legal offices, such as Oracle's and General Electric's, to companies that contract to provide low-cost legal services to U.S. and British businesses. Leaders include Integreon and LawScribe, both in Los Angeles, and New York--based Pangea3...
...renal disease. Harvard decided to choose Harvard Pilgrim after soliciting proposals for consolidated coverage from its three current plans other than Harvard University Group Health Plan and from Aetna Inc, another health care benefits company. Aetna came out ahead in the comparison, conducted with the help of consulting firm Hewitt Associates, but the University chose Harvard Pilgrim because of its local roots, according to Socha. “Aetna is not a regional brand,” she said. “Harvard Pilgrim came in second and it was close enough that we decided the local brand made sense...