Word: slump
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Blumberg appears to have rebounded from an early-season slump and has risen to No. 3 on Harvard’s ladder, behind Bullock and Broadbent...
...that the plan? Goldmark was the third top manager to leave since the Times wrested the paper from former partner Washington Post last month. Independent or not - critics say it wasn't great at delivering a unique perspective anyway - the IHT has been unprofitable since 1999. The advertising slump that hit almost all publications forced Goldmark to make painful job cuts before he got the ax himself. Even Goldmark concedes that the old structure was unsustainable, and while readers looking for a truly independent paper may share his angst, the Times' move is logical in a tough business climate...
...much of his 30-year career at IBM. He can seem quite a contrast to his predecessor as CEO, Lou Gerstner, a notoriously gruff, prickly outsider responsible for one of the greatest turnarounds in corporate history. But nearly a year after taking over the reins amid a lingering slump in corporate spending on technology, Palmisano, 51, has shown that he has sharp teeth behind that smile...
...Mottola with horns. Now Mottola is facing another breakup. He announced last week that he wanted to start his own label and was leaving Sony, where since 1989 he has guided singers like Jennifer Lopez. Whether he jumped or was pushed remains unclear. Sony is suffering from a slump affecting the entire music industry. Taking his place will be NBC president Andrew Lack, who years ago worked at CBS with Sony's current U.S. chief, Howard Stringer...
...Greenback is acting more like a hunchback these days, slumping ever lower last week as it pushed the euro to a fresh three-year high of $1.067. Nervous about an Iraq war and hedging their bets against the struggling U.S. stock market and economy, even normally bullish strategists at Citibank and ABN AMRO are losing faith, saying the dollar may fall to $1.09 against the euro in coming months. To Europeans that may sound great: after all, it makes American goods cheaper, and who couldn't use a shopping run to New York City? But the euro's super-power...