Word: profit
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Dates: during 1990-1999
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...pressure is on. CBS, which co-owns an unprecedented six of its seven new shows, gave "King of Queens" a slot on the schedule after Columbia Tristar surrendered a share. "NewsRadio," a so-so sitcom, was renewed for a fourth season after NBC, considered the most aggressive network, acquired profit participation from the producer, Brillstein-Grey, which most likely went for the deal in order to prolong the show's life and make it eligible for the big money of syndication. "Much better to partner with a network and own 50 percent of $350 million," observed an executive. ABC took...
...there are doubts about the rightness of the fit, they center on the issue of the two corporate cultures. Chrysler's near-death experience has turned the company into a lean, profit-obsessed organization--short on bureaucracy but long on management talent. In the great Detroit tradition, pragmatism and margin protection can take precedence over quality when they are in conflict...
Daimler-Benz, on the other hand, is considered conservative even by the Germans--an aristocrat in a double-breasted suit, haughtily dismissive of anyone who suggests cutting corners on quality for anything so ephemeral as profit. Says German car-magazine editor Wolfgang Konig: "Perfectionism is at home at Daimler. I get the feeling sometimes it was invented there...
Like most big German firms, Daimler has been content with profit margins of 2% or less (VW gets 1.2%), vs. Chrysler's 6.5% margin last year. One look at the numbers reveals volumes about the culture gap: last year Chrysler earned $2.8 billion producing 2.88 million vehicles with 121,000 workers, while Daimler-Benz earned $1.78 billion making 1.13 million vehicles on a payroll of 300,000. "Such a difference can lead to real conflicts in investments," warns one German auto executive...
...more targeted commerce." Sites that are community centered, he says, will eventually attract clients "that will be the Procter & Gambles of the world." In some cases that is already happening. Last summer Mary Furlong, the founder of the nonprofit Senior Net educational centers, created the definitely-for-profit Third Age and thinks of it as "my grandmother's front porch," a place where people gather to hear news and swap information. With a database of more than 5,000 pages of free and discounted products and services and sponsors like Hallmark and Toys "R" Us, it's more like...