Word: profit
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...Wall Street giant Goldman Sachs (Tyco's financial adviser), was one of many business leaders ringing the bell for reform. "American business has never been under such scrutiny. To be blunt, much of it is deserved," Paulson said in a speech calling for curbs on when a CEO can profit by selling company stock, among other things...
...promote from within, as at IBM and GE. One immediate improvement would be to index the price at which a CEO can exercise stock options so the options have value only when the stock outperforms a peer group. And as Paulson said, CEOs should be required to disgorge any profit from stock sales in the 12 months before a bankruptcy filing...
...many individual contributions that helped build Linux are "a beautiful thing," says Torvalds. "New ideas come from bouncing an idea off another person and seeing it modulated by that other person's idea." That's a thought to be pondered by media giants, which are vexed by how to profit from offering copyrighted content online. If a certain Norwegian programmer has a few good ideas about digital security and delivery, media moguls should be ringing his doorbell, not sending in the econo-cops. So is Jon Johansen an enemy at the gates, or could he be the industry...
...back from the brink of a third bankruptcy in 1994. Nothing has been more challenging than the past nine months, with security hassles and terrorist fears driving away air travelers and costing the industry more than $9 billion. Continental was one of only two major airlines earning a profit before Sept. 11 (the other was Southwest Airlines), and Continental in March became the first traditional hub-and-spoke carrier to report a return to pretax profit. Alas, the bottom line turned red again in April, and Bethune predicts more rough weather ahead if the majors don't "wise up"--that...
...City's John F. Kennedy International Airport. Like Southwest Airlines, JetBlue, with its low fares and aversion to plane-changing hubs, has proved increasingly attractive to passengers in the new era of fewer flights and tighter security--including business travelers, the 15% who provide 50% of an airline's profit. So when JetBlue CEO David Neeleman began seeking a way to capture some of the lucrative transcontinental business, he turned to Long Beach...