Word: leaners
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Many are about to find out. On Jan. 1, Philips unleashed its latest simplification: a leaner company structure that cuts its divisions from five to three. The sleek new shape, Philips hopes, will help boost its profit margin, before tax, interest and other charges, from last year's 7.7% to beyond 10% by 2010. That would add some $900 million to those earnings based on last year's sales of $39 billion. Preoccupied with its overhaul in recent years, "we haven't been growing to our potential," admits Gerard Kleisterlee, 61, Philips' CEO since 2001. Reversing that, he says, means...
...think I'm better with a leaner kind of campaign. Less bureaucracy, more quick to react. Close friends. I enjoy that a lot--to have people who are basically my peers. They're not a group of subordinates who are telling me what they think I want to hear...
...obviously your operation changed a lot, first phase to second phase. What were the good things about the second phase? I think I'm better with a leaner kind of campaign. Less bureaucracy, more quick to react. Close friends. I always enjoy when we all sit down together, and [say] like, "what are we to do?" And everybody talks, and everybody argues. Somebody gets mad, and then we all come to an agreement of what we oughta do. I enjoy that a lot. It helps me enormously to help to think things through. To have people that are basically...
...chef at the elegant Le Cantou in Toulouse, agrees, but says to assure the dish's longevity a chef must "adapt these ancient recipes to our modern lifestyle." He adds fresh Toulouse sausage as tradition there demands, but uses a lighter, sweeter Tarbes bean, finely sliced pork rind and leaner duck confit, and trades cassoulet's typical black crust, the result of hours spent in the oven, for a lightly browned one. It's not his grandmother's cassoulet, but you won't need a nap after finishing it, either...
...However, while French and Italian carmakers cut their average emissions by 1.6 percent between 2005 and 2006, emissions from German cars actually increased by 0.6 percent. "Germany's fine automotive engineers should be focusing on making cars leaner and more fuel efficient," said T&E director Jos Dings. "Sadly, based on recent progress, they mostly seem to be intent on building ever heavier, larger and more gas-guzzling cars that simply don't belong in the 21st century...