Word: sch
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...concedes. "But the great conductor Wilhelm Furtwängler made his debut at 19, so there are exceptions!" Harding is making his own rules. As a young teenager in Oxford he would conduct groups of friends on weekends. Artistically ambitious, he decided to try a rare piece by Schönberg, but found it so difficult he sought help from his music...
...keep out sign for foreign brewers. As Coen Thönissen, from Dutch brewer Grolsch puts it: "The common wisdom was that beer in Germany isn't business. It's culture." That perceived impenetrability is evaporating. In 2001, Heineken entered into a joint venture with Munich-based Schörghuber Group to share control of BrauHolding (820 million liters), which brews, among other brands, Germany's No. 2 wheat beer, Paulaner Weissbier. Heineken said it was primarily interested in adding Paulaner to its global offering, but it also hatched a plan to use Schörghuber's connections to spread...
...Morgan vice president at 25 and led a major Spanish bank into Latin America 10 years later. Now chairwoman of Banesto, Spain's third largest commercial bank, Botin, 42, will soon run a public company. By the end of the year, Banesto's parent, Santander Central Hispano (SCH), plans to sell shares representing 10% of Banesto to raise about $600 million. Botin's next step? Probably to the helm of SCH, Spain's largest bank. Her father Emilio Botin is the current chairman...
...prominence in 1999, Haider relinquished the leadership because of the uproar created by his xenophobic pronouncements. But when he returned to Carinthia, where he is governor, he left behind in Vienna a group of ministers who - together with their coalition partners, the conservative People's Party of Chancellor Wolfgang Schüssel - managed to accomplish a few things. They slashed spending, briefly eliminated the deficit, and wrested control of government-owned enterprises from the old proporz system, which for 50 years had divided plum public-sector jobs between socialist and conservative party loyalists. Haider still pulled some strings from Carinthia...
...currency has lost one-third of its value since April - and taken some Iberian earnings along for the ride. Last month, Spanish giant Telefónica cited currency woes as a reason for its reported 23% fall in Latin American revenues in the first half of 2002. Last week SCH, Spain's largest bank, registered a 13% drop in first-half earnings and said it expected worse to come in the second half. Adding to the troubles: the prospect that come October's elections, a left-wing government could take power in Brazil, bringing with it tax cuts...