Word: profiteered
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...closely to the playbook he used to revive Fiat. On June 10, the day Fiat sealed the deal, he announced a thorough organizational revamp. From now on, each of the four individual brands - Chrysler, Jeep, Dodge and Mopar (which makes parts) - will be distinct business units responsible for profit and loss. He also reached deep into the ranks, bypassing the engineers and putting a younger, energetic generation of managers with marketing experience in charge of the brands. "That's a mirror image of what he did at Fiat," says a longtime Fiat executive. Next up: installing Fiat production platforms...
...Marchionne gets mirror results, he'll make two governments and a union very happy. Fiat's auto unit, after 17 consecutive quarters of losses, finally turned a profit in 2005. The time to market for its cars has dropped from four years to 18 months...
...surfers. But the part of the settlement that deals with so-called orphan books - which refers to out-of-print books whose authors and publishers are unknown - is what's ruffling the most feathers in the literary henhouse. The deal gives Google an exclusive license to publish and profit from these orphans, which means it won't face legal action if an author or owner comes forward later. This, critics contend, gives it a competitive edge over any rival that wants to set up a competing digital library. And without competition, opponents fear Google will start charging exorbitant fees...
...provider or it's broken into regional systems - could create a large enough pool (or pools) of patients to be able to offer lower premiums than those now offered to individuals and small businesses. In addition, a public insurance plan would not have to cover overhead for marketing or profit margins, part of the reason it would have substantially lower administrative costs. (By some estimates, Medicare's administrative costs account for less than 5% of total costs, compared with up to 20% for private insurers...
...Founded by CEO Günther Fielmann in 1972, the publicly traded company can afford to be aggressive. While the total optical market in Germany grew 3.2% in 2008, Fielmann's sales jumped 7%, according to the Central Association of German Opticians. Total net profit soared 39% to $163 million. Company officials attribute the results to the company's size. Fielmann sources frames in bulk, from both cheap Asian manufacturers and designer brands, keeping costs low. Indeed, Fielmann's expansive mood shows that farsightedness can be a virtue: you can envision the day when the recession will...