Word: profiteering
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...Less than two years later, Li Ning the company is still soaring. In March, Li Ning Co. reported a more than 30% rise in profit in 2009. Li Ning started his sportswear company in 1990, building it into a giant, with 2009 sales considerably more than $1 billion. With 7,249 branded stores in China, Li Ning has surpassed Adidas to become the No. 2 sports-apparel company in the country. Unlike an Adidas or a Nike, 99% of Li Ning's revenue comes from within China. But this won't be the case for long. Li Ning has signed...
...least some of the funds raised in the U.K. or U.S. makes sense. After all, almost all the big lenders who received cash from the U.S. Troubled Asset Relief Program in the current economic downturn have since paid it back. Britain's government, meanwhile, could yet turn a profit by selling stakes in its own partially nationalized lenders. (See 25 people to blame for the financial crisis...
Cabot will now be led by Harvard Business School Professor Rakesh Khurana and Stephanie Khurana, acting executive director of the Tobin Project, a non-profit public policy initiative. Rakesh Khurana focuses his research on corporate leadership and teaches a doctoral seminar on management and corporate governance. Stephanie Khurana co-founded and led Surebridge, a technology company...
...instead, Enron on an average night only fills about half the seats, it could take as long as five months before the play turns a profit. If only a quarter of the seats sell for full price, the play, much like the company it dramatizes, will end up being a financial bust...
...past eight years, the price-per-plane has doubled - from $69 million to as much as $135 million - even as none of the 2,443 on-order planes have been delivered. The program's cost has soared from $197 billion to as much as $329 billion. Plans to profit from prospective sales of more than 700 of the single-engine, single-seat fighters to eight allied nations are beginning to look like wishful thinking. (See why Robert Gates killed...