Word: ge
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Dates: during 2000-2009
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...Enron, among others, helped win him the nickname "Irv the Liquidator," has changed his style and gone back to work in this new climate. Last year he bought nearly 5% of the all-but-dead insurer Conseco--some 16 million shares, at about $7 each. Jacobs helped install former GE star Gary Wendt as CEO, and with Conseco now trading at $16, he has a paper profit of $144 million...
...City of Rock. Actually, it turns out not to be a city at all but a rather ordinary-looking festival site, albeit larger than most. The festival is all about product placement, advertising and naked commerce. Huge billboards sprout up from the walls around the festival, signs for GE and Nextel, Direct TV and Polaroid 'I-Zone' cameras, and one desperately commercial sign in which a brand of Brazilian beer seems to be ejaculating its contents. Outside the walls hundreds of local kids, mostly in their teens, roam about, most shirtless, some playing guitar, others asking for tickets, others seemingly...
...also notice on the wall of the base of the statue a small plaque announcing that GE provides the lighting to light up Christ. I assume the plaque is referring to the statue and not the real guy. It would be a bit of a theological disappointment if the Star of Bethlehem turned out to be some sort of product placement thing...
...your field, get out. Welch is still No. 1--after a tech slump slapped down Cisco, his General Electric is again the world's largest company--but he's getting out anyway. Kind of. He tapped a successor, Jeffrey Immelt, but postponed his planned April retirement to oversee GE's acquisition of Honeywell. His memoirs, planned for spring, earned a $7.1 million advance, which he plans to donate to charity. Welch, 65, turned staid GE into a dynamic, even hot business--in part by laying off 100,000 workers in the '80s, earning the nickname "Neutron Jack." He has since...
Indeed, Welch, who will be with GE another year, seems to have already said his goodbyes. "You can be sure that they're being pursued very aggressively on the outside and are evaluating their options," he said of Nardelli and McNerney while announcing that Immelt will be his successor. It was as though he wanted to start a bidding war. Was that the consolation prize...