Word: nasser
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...Jacques Nasser couldn't have been surprised when he was told late Monday afternoon that his tenure as CEO of Ford Motor Co. was over. Following a series of managerial missteps, Nasser had been taking heat from the Ford board since March. Even before chairman William Clay Ford Jr. announced the creation of an executive office of the chairman in July, there had been heated discussion over how - not whether - to rein Nasser in. But the timing was sensitive. Bill Ford, the first family member to run the company since his uncle Henry retired in 1979, needed the broad support...
...Bottom line: Ford had some hot new cars, which Nasser couldn't deliver. Instead, analysts say he spent too much time making deals ("he never saw a deal he didn't like" was the refrain in early 2000) to acquire other car companies, too much time pushing the importance of the Internet, too much time emphasizing Ford's new destiny as a "consumer company" - all at the expense of the carmaker's basic pursuit...
...gives the FBI authority to monitor secretly persons suspected of espionage or terrorism without having to show probable cause that the suspect has committed a crime. Immigrant suspects can be tried without being informed of the charges or the evidence against them. Thus the INS was able to detain Nasser Ahmed, an Egyptian in New York City, for more than three years without letting him know the charges against him. In 1999 a judge finally compelled the government to concede that Ahmed wasn't a terrorist...
...that GE could not restrict those who would buy the shares. But to some GE advisers, this could mean only one thing--Monti wanted GE to sell part of GECAS to a competitor. That was never going to fly. "It would have been like asking [Ford CEO] Jacques Nasser to drive a Toyota for 20% of the day," says Yale economist Barry Nalebuff, who advised GE. Monti asked Welch to consider the terms and return that afternoon. Welch did, and rejected them. The next day, Welch called Card and flew back to the U.S. Jeff Immelt, his successor...
There was more heat than light yesterday as a House committee began hearings into the tangled relationship between the Ford Motor Co. and Bridgestone/Firestone. Firestone CEO John Lampe and Ford head Jaques Nasser presented widely differing explanations for safety problems with the Ford Explorer equipped with Firestone's Wilderness AT tires, and the committee chair, Louisiana Rep. Billy Tauzin, muddied things further by suggesting that seven of the tire models Ford is using as replacements might have higher failure rates than the Firestone tires. TIME's John Greenwald has been covering the Ford/Firestone inquiry and he spoke with TIME.com about...