Word: profits
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...climate. The company missed its storied, double-digit annual growth last year and may again this year; the stock has been halved from its high of $60 in 2000. Back in 1986, CEO Jack Welch diversified with a similarly risky move--by acquiring NBC. It paid off; NBC's profits surged 20% for the first half of this year, ahead of every other group save one. The merger, says Wright, shouldn't slow profit growth. The combined NBC Universal should bring revenues of $13 billion, enough to move GE's top-line growth too. GE amassed sales of $132 billion...
Utilities such as electricity are said to be public services. What a farce! Utilities that are owned by for-profit corporations have primary legal responsibility to their investors, not the public. When the supplier of electric power has a monopoly in a given area, there is no competition and no incentive to do better, and government regulation is too easily manipulated. Public services should be owned by the public. RICHARD C. BRAUN Pleasant Hill, Tenn...
...days, utilities were graded on service and reliability. Americans, welcome to your deregulated, profit-first future. Invest in plant, staff and equipment? Not anymore. That obsolete approach would reduce the bottom line and--oh, yeah--executive bonuses. We'll all just have to learn to do more with less. More candles, water jugs and anxiety. Fewer comfortable homes, less safe food and hope. CHRIS SMITH Minnetonka, Minn...
...terrifying the whole thing was," says Wade. "But it's an adrenaline boost you don't get every day." In the past three years, some 1,200 lawyers, bankers, judges and other suits - mostly thirty- and fortysomething men - have joined London's The Real Fight Club, a for-profit company founded in 2001 by events promoter Alan Lacey. The white-collar amateurs squeeze in two to four 90-minute training sessions a week - plus cross-training on alternate days - with the ultimate goal of getting into the ring to beat the hell out of each other in front of crowds...
Both Soon and Baliunas are paid consultants for the George C. Marshall Institute, a Washington non-profit organization that opposes limits on carbon dioxide emissions...