Word: sodexho
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Ramos is an employee of Sodexho, a food and facilities management services company that Harvard outsources, according to Sodexho spokesperson Stacy Bowman-Hade...
Ramos is an employee of Sodexho, a food and facilities management services company that Harvard outsources, according to Sodexho spokesperson Stacy Bowman-Hade...
...punch last week. The Paris Commercial Court fined Morgan Stanley €30 million for harm done to LVMH, Bernard Arnault's luxury-goods firm. LVMH argued that Morgan Stanley, which has worked for rival Gucci, issued biased reports against it. (The firm will appeal.) A day later, catering giant Sodexho called in French regulators after a Citigroup Smith Barney report sent its stock reeling. Both LVMH and Sodexho said they were protecting themselves against erroneous information; Morgan Stanley president Stephan Newhouse says the LVMH ruling "opens the floodgates" for firms to bully analysts into making rosy statements. The Paris stock...
...truce in a nasty food fight last week in Washington. The skirmishing began last month, when Congressman Jack Kingston, a Georgia Republican, gathered signatures from 59 of his fellow lawmakers for a letter asking Defense Secretary Donald Rumsfeld to cancel the $881 million contract of a company called Sodexho to cater 55 Marine mess halls. Reason: Sodexho is the U.S. subsidiary of a French company. "I think you will agree that it is inconsistent for us to continue to pour billions of dollars into the French economy in the face of the recent French failures to even consider support...
...Sodexho launched a counteroffensive, including an advertising campaign in which it pointed out that its 110,000 employees are as American as the apple pie they serve the Marines. It also enlisted some powerful allies such as Democratic Congressman Chris Van Hollen, in whose Maryland district Sodexho is headquartered, and New York Senator Charles Schumer, whose state is home to 8,600 Sodexho workers. Schumer personally lobbied Rumsfeld and has been in daily contact with the Pentagon on the issue. The efforts were repaid last Friday, when Schumer's office was notified that the Secretary of the Navy would soon...