Word: joint
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Dates: during 2000-2009
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...dose of Deutsch. - By William Boston End Of The Road General Motors agreed to pay Fiat €1.55 billion to terminate a "put" option that could have forced GM to acquire the Italian firm's debt-laden auto division. The companies also unwound some of the their joint-venture agreements. Four days later, Fiat ousted Herbert Demel, its car unit...
...they intend to ride it to riches, baijiu and rabbit ears notwithstanding. Clissold's memoir of his years with Perkowski-- 1995 to 2002--is an instant classic. The best "business" book previously written about China is probably Jim Mann's Beijing Jeep, an account of the ill-fated auto joint venture in China's early days of experimenting with capitalism. Mr. China (Harper Business; 252 pages) joins it at the top. Clissold, despite being a banker (now working at Goldman Sachs in Beijing), writes wonderfully. The book is sharply observed, funny as hell, and educational for anyone either doing business...
...moving so fast economically that, strange as it sounds, some of the events in the book already seem a bit dated. China's joining the WTO has injected some order into foreign investment, and more foreign companies are setting up wholly owned subsidiaries instead of headache- inducing joint ventures. No matter. For anyone interested in the new China--and that's a rapidly expanding universe in the U.S.--Mr. China is indispensable...
...first woman heading a conglomerate in a conservative, largely Muslim society. Turkish billionaire Sakip Sabanci chose his niece last May to succeed him at the helm of the $12 billion Sabanci Holdings, whose businesses include food, energy and retail. Renowned as an internationalist for forging a $100 million joint venture with DuPont, the charismatic Güler plans to further Sabanci's global reach. What's it like being a woman in a man's world? "It was hard for the first five years. But once I got over that psychological hurdle, there was no stopping me!" she says. --By Pelin...
Chen inherited the store in 1987 when the original owner, his brother-in-law, bailed. But by 1993, he wanted out. That year, when a joint ownership arrangement that allowed Chen to keep his day job as a computer engineeer failed, he hoped to let go altogether. He and his partner each made separate bids for ownership, but his was deliberately...