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...didn't set out to be the CEO of Nestle when he began selling ice cream in his native Austria 35 years ago. He says he didn't even know that the company he worked for, Findus, was owned by Nestle at the time. "His ambition was to experience Latin America, to have an adventure there," says Gottfried Truppe, his college roommate. Why the fascination with Latin America? "The wide-open spaces and high mountains," Brabeck says. It was also far from home--and far from the mountaineering tragedy he had just lived through...
Vasella came up with the name Novartis, from novae artis, Latin for "new skills." But he found it much harder to forge a dynamic culture for the merged company. Ciba's approach was almost academic and plagued by indecision. Sandoz had a command-and-control ethos that Vasella felt discouraged initiative. And there was the matter of strategic focus. Both companies were old chemical manufacturers that had sprouted pharmaceutical arms. Vasella knew his company's future was in pharmaceuticals. Sandoz had already divested most of its chemicals business; Ciba would be required to do the same...
...Latin professor Kathleen M. Coleman gets around on a machine she calls the Verginius Volvo Invictus. (Named after the friend of a famous Roman senator, Pliny the Younger...
...that sense, it seems appropriate that King Juan Carlos - head of a nation with major investments in Latin America - got snippy at the Ibero-American Summit. The annual gathering was started in 1991 by then Mexican President Carlos Salinas de Gortari, who at the time was trying to convince the U.S. to sign a free-trade agreement, as a way to make Mexico and Latin America look like global players. Latin leaders still use if for that purpose - but this time the Spaniards may have been less willing to play along. Their frustrations with Latin America, and those...
...pointed up a fact about Chávez's revolution that chavistas are too reluctant to acknowledge. Venezuela, with its vast oil wealth, can afford to indulge socialism and eschew foreign investment; but most other Latin American nations can't. Their economic growth still depends on the kind of capital that global competitors like China and India are raking in, but which Latin America seems unable or unwilling to garner. The chavistas rightly argue that the distribution of capitalism's fruits has been grossly unequal in Latin America - which is a large reason why leftists like Chávez have...