Word: robertses
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Public companies, beware: private-equity firms are trolling for your top managers. General Electric became the latest prey in August, when VNU Media, a Dutch market-research firm, poached 27-year GE veteran David Calhoun for its top job. As takeovers become larger, private-equity firms increasingly value strong management...
MARLENE DIETRICH canonized the masculine look for women when she appeared in Morocco in 1930 and sang Give Me the Man. These days, it's Giorgio Armani's job to keep the tuxedo?now a black-tie staple for both men and women, thanks to the Italian tastemaker?au courant...
After Republican Pat Roberts, the powerful Intelligence Committee Chairman, decided to go along with the measure, the Senate unanimously approved a defense spending amendment by Democratic Sen. Edward Kennedy ordering up the NIE. But after the senators' prodding, Director of National Intelligence (DNI) John Negroponte plans to start drafting an...
Kennedy and five other Democratic Senators had written Negroponte last week requesting the estimate. And Roberts, who until recently was one of the Administration's staunchest defenders on its national security performance, lately appears to be distancing himself from Bush war policies. On Thursday, for example, he criticized Administration attempts...
Investors also like the industry's new Establishment cred. The old model of buying an overstaffed, underleveraged company, stripping it of cash and slashing jobs and expenses simply doesn't work as well now that corporate America has learned to downsize itself. Competition from abroad keeps companies on their toes...