Word: germanics
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...might even wonder whether the committee has chosen to pursue positive press coverage and change merely for its own sake. When last year’s now-defunct proposal for a system of distribution requirements was released, Weary Professor of German and Comparative Literature Judith L. Ryan’s response was that “It’s not going to put Harvard on the front page of The New York Times.” Possibly not. But maybe this is an issue where the best course of action isn’t to make waves...
...Former German Foreign Minister Joschka M. Fischer offered his views on the future of the United States’ and Europe’s transatlantic relationship, European integration, and other global issues to a standing-room only Harvard European Conference at the Kennedy School of Government (KSG) on Friday. In his introductory remarks, moderator David R. Gergen, public service professor of public leadership at KSG, joked that Fischer, who is currently a visiting professor at Princeton, “came here for some intellectual stimulation.” “I don’t want to interfere with...
Once a state phone and mail monopoly, the sprawling Bundespost had more employees than the German army had soldiers. In the 1990s, the government split it into three companies--Deutsche Telekom, Deutsche Post and the Postbank--and floated them on the stock market. The most successful, Deutsche Post, grew into a global logistics company. Again, the critical expansion was in the U.S., where it bought freight company...
Telekom's top shareholders--the German government, which holds 33% of the company, and Blackstone, which has 4.5%--have become unlikely allies in activism. Previously the government has been more concerned with preserving jobs...
When Blackstone bought Telekom shares last April, it committed to holding them for two years. So at the current price, neither the German government nor Blackstone is prepared to exit, a circumstance that is fueling rumors that Ricke could be replaced in December with a CEO with global chops who would aggressively cut costs and implement a viable strategy. A Blackstone spokesman confirmed that the company is unhappy with Telekom's share price, but declined to comment on Ricke's performance. Still, Ricke doesn't appreciate the interference, and his relationship with Blackstone boss Stephen Schwarzman has chilled so much...