Word: modelers
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...venture with IBM and doubled its operating profits. Karl-Heinz Stiller, Wincor Nixdorf's CEO, points out that the firm created 3,200 jobs, including more than 1,000 in Germany. "I would go the same way again anytime because I was and still am convinced about our business model," he says...
Schnepp says Legrand quickly put in place a reorganization program, even before the private investors bought into the company. Still, once the new owners arrived, "they stimulated our performance," Schnepp says. Overall, "the Legrand model is turning more quickly and more efficiently." KKR and Wendel helped the firm bring in consultants, who recommended sweeping changes to more than 3,000 processes. Result: Legrand has reduced its purchasing costs by about $95 million. "They helped us formulate our needs," Schnepp says. "They gave us confidence to go further" than the firm might otherwise have done. KKR has also encouraged Legrand...
...cheapest bidder wins the job. Not surprisingly, local politicians and trade unionists have condemned the venture, which has chalked up 1,800 brokered deals, 10,000 registered users and thousands of hits a day, as "a slave market" and "grave threat" to the country's long-cherished social model. Its founder, Münster student Fabian Löw, 32, however, believes his website is long-overdue applied realism. "We start where the politicians stop telling people the truth," says Löw, who plans to go global in September. Wages in Germany are so high, he argues, that "it has been...
...Oakleys come in a range of styles, and include many standard Oakley features, such as XYZ optics, which allows for contoured lenses without distortion; Plutonite lens material that blocks 100% of all UVA, UVB, UVC and harmful blue light; and impressive shock resistance. Two models with 256MB capacity also have polarized lenses, including the "Red Camo Lil Jon" signature version-at $550, they're the most expensive model...
...ARRESTED. CARY MA, 41, CEO of Moulin Global Eyecare, the world's third largest eyewear producer; on suspicion of conspiracy to defraud; in Hong Kong. Ma transformed the small eyeglasses shop founded by his father?one of four others also arrested?into a global empire that became a model for ambitious Chinese businesses trying to break into the U.S. and Europe. Creditors forced the company into liquidation last month following the unexpected resignation in April of its auditors over financial irregularities and the suspension of trading of its shares. The five have since been released on bail...