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...trade finance. It has boosted lending to small enterprises in Asia at no risk by participating in loan-guarantee programs implemented by governments to free up credit markets. Sands has also continued making strategic acquisitions, including the purchases of Cazenove Asia, a regional stock brokerage, and a 75% stake in another broker in India. Just as important, Sands has been beefing up the management ranks by hiring experienced bankers from troubled competitors. Since August 2007, StanChart has brought in about 100 senior executives from the likes of Bear Stearns, Lehman Brothers, Citigroup, UBS and others. "I think there are opportunities...
Marchionne's most interesting challenge is that Chrysler's new owners, postbankruptcy, are his employees--the United Auto Workers, which holds a 55% stake through its retiree trust fund. His other bosses include the U.S. and Canadian governments, which hold 8% and 2%, respectively. Fiat will start with a 20% stake, which could reach 35% if Chrysler succeeds. "Politics and unions are Marchionne's biggest risks," says Carnevale. "Having politicians on the board of directors will require very complex management...
...additional millions eaten up by plane charters, antiques, lavish gifts and legal disputes - a child-molestation case in the early 1990s cost Jackson around $20 million to settle - left a hole in his fortune. To help plug it, in 1995 the singer signed over to Sony a 50% stake in the rights to the Beatles' catalog in exchange for almost $100 million. (Watch TIME's video "Appreciating Michael Jackson, the Musician...
...their country's history. Hostilities sparked again in 1941, when the U.K. invaded Iran and exiled the country's leader on suspicion of pro-German sympathies. Furthering the mistrust, when Iranian Prime Minister Mohammed Mossadeq dared to nationalize the Anglo-Iranian Oil Company - in which Britain had a majority stake - British and U.S. security services mounted a coup to oust the leader...
...fields and two of its largest gas fields, with the Iraqi Oil Ministry scheduled to announce the winning bidders on June 29 and 30. In the running are Exxon Mobil, Shell and BP as well as smaller Chinese, Russian and other state companies. Winners will have a 75% stake in the project - with 25% to the partnering Iraqi oil company - and will be compensated for their costs plus a profit based on increasing a field's oil production...