Word: gm
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Dates: during 2000-2009
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...debt to just one notch above "junk" status - a once unthinkable position for a company that for years was synonymous with American manufacturing muscle. Chief executive Rick Wagoner announced he would personally lead the firm's efforts to turn around its struggling North American operations. Collectively, Rover, Daimler and GM have sold hundreds of millions of cars over the years. Their current difficulties have very different origins, and will likely have very different resolutions, but they are signs of the challenges facing the industry as a whole. At a time when competition is fierce, margins are tight and customers...
...former talk about sports and Harvard was once how our graduates were invading Major League Baseball, led by Dodgers GM Paul DePodesta ‘95, Red Sox Director of Player Operations Peter Woodfork ‘99, A’s Assistant GM (and Billy Beane’s right-hand man) David Forst ‘98, and recently-promoted Marlins VP and Assistant GM Mike Hill...
...Europe having such a hard time creating jobs? Ask Svatoslav Kodytek and Tomas Lenc, two florists from southern Bohemia in the Czech Republic. Soon after their country joined the European Union last May, they tried to open two shops across the Austrian border, in the quaint medieval townlet of Gmünd and in nearby Waidhofen. They planned to hire locals, but ran into roadblocks from the very start. First, Gmünd's labor office told them bluntly that no more flower shops were needed in the area. Undeterred, they set up their stores. Authorities then took two months...
...Lenc are nursing their wounds. Lenc is still fuming over a six-page letter from the Austrian Labor Ministry explaining why it is refusing his request for a florist's license - and informing him that he can appeal the decision for a fee of ?180. The mayor of Gmünd, Otto Opelka, who says his town is keen for new business blood, blames teething troubles; this was the first time a Czech firm had opened in the area. "In the future, things will run more smoothly," he says. "I think it will be much easier for the next people...
...GM North America is, simply put, our 800-lb. gorilla...