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...same time, GM, DaimlerChrysler and BMW have teamed up to open a research and technical center in the Detroit suburbs that probably won't yield vehicles until 2010. So the carmakers are looking for incremental improvements in software, electronics, battery storage and even the internal combustion engine itself to make hybrids even more efficient. That latter includes high-compression combustion engines that run without spark plugs. Mike Gauthier, director of corporate technology for Siemens VDO, an auto electronics company in Auburn Hills, Michigan, says future hybrids also will use more sophisticated combustion engines as well as more complex electrical components...
Contrary to the assertions of company executives, PBGC officials and members of Congress, one company after another on the 1990 Top 50 disappeared. To be sure, many are still around. Like General Motors. That year, the PBGC reported a $1.9 billion deficit in GM's pension plans. Today, by GM's reckoning, the deficit is $10 billion. The PBGC estimates it at $31 billion. As for the pension-fund deficit, if GM or any other company can't come up with the money, the PBGC will cover retirement checks up to a fixed amount--$45,600 this year--or until...
That may include the world's largest automaker--General Motors. Although GM chairman Rick Wagoner has insisted that "we don't consider bankruptcy to be a viable business strategy," some on Wall Street are skeptical, given the company's array of problems. Their view was reinforced when GM, the company that dominated the American economy through the 20th century, announced on Oct. 17 that it had reached a precedent-setting agreement with the United Auto Workers leadership to rescind $1 billion worth of health-care benefits for its retirees. If ratified by the union membership, the retrenchment will hasten...
Harvardians have plied their trade in virtually every field of sports management (reference Los Angeles Dodgers GM Paul DePodesta ’95, among many, many others); TV media (James Brown ’73 of FOX Sports’ high-profile NFL studio show); and print media (Daniel G. Habib ’00 of Sports Illustrated, who is also a Crimson editor...
...Jacobs' analysis, the tournaments were small time because they had the wrong sponsors. The fishing outfits were great, but they couldn't pay all the freight needed to raise purses or produce great television. So Jacobs supplanted them with corporations such as GM's Chevrolet division, M&M/Mars, 7-Up and Fujifilm, which wouldn't blink at, say, a $10 million sponsorship fee if it could move the sales needle. Then in 1997 he landed the whale: Wal-Mart. "We tend to think in increments, in small steps," Scott tells TIME. "Irwin thinks in big steps, in flights of steps...