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Nestle's complexity, though, comes at a price. While the company's long-term growth has outstripped that of many rivals, its margins are lower; "subpar profitability" is how Morgan Stanley analyst Sylvain Massot describes it. Its stock trades at about 15 times estimated 2002 earnings, less than that of Kraft Foods, Kellogg or Hershey Foods, which all trade at price-earnings multiples of about 20. And Nestle ranks far behind Unilever, which trades at 35. Brabeck isn't fazed. "If I had run the company based on the opinion of financial analysts, it would already have been bankrupt...
...semester. If a student fails to fill out his or her course evaluations, electronic posting of their grades would be significantly delayed. Such a system is already in place at other schools and would be easy to implement.Some worry that such a scheme will lead to more but lower quality evaluations as students quickly fill out their Q’s in order to see their grades. This may be the case for some students, but we trust that most students, once forced to go through the process anyway, will take the time to fill out the evaluation conscientiously...
...vintage Vasella: cool-headed, personable, direct--adjectives that frequently crop up in descriptions of the drug executive. Vasella is exceptionally smooth in dealing with advocates for lower pharmaceutical prices as well as with regulators and lawmakers, whether in his native Switzerland or in the U.S., where he is embarked on a major expansion. He is fluent in German, French and English and says he can muddle through in Italian and Spanish. More important, he is fluent in many cultures, from the elaborate rituals of Japanese business to an American culture that is at once informal and legalistic. Despite his modest...
...half when his strike to the far post found the net. “They played a square ball,” Hoff said. “The kid mishit it, and I just intercepted it about 25 yards out and took a good first touch and shot it lower-left corner.” Fittingly, Hoff’s goal, his second of the season, was scored on Senior Day. Playing in their last regular-season game at Ohiri Field, Hoff and co-captain Adam Hahn, the only two seniors on this year’s squad, were honored...
...only one game away from a match victory. But Cornell came out sharp in the third game and led wire to wire in a sloppy fourth game to even the score at two games apiece. The Big Red hit .091 in the game four, while Harvard hit an even lower .020. “They pulled their passing together, which kept their offense in system,” Mahon said. “They are really good when they are in system.” The first-to-15 fifth game was an exclamation point to an already wild match...