Word: steve
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...taxes. State income taxes are very progressive, with a large proportion of revenue comes from households earning more than $100,000, as well as from taxes on stock options and capital gains. Low-income households, meanwhile, face lower tax rates that in most other states. This tax system, says Steve Peace, director of finance under Gov. Gray Davis, "worked in a highly leveraged, supercharged economy. Those days are gone...
Since he took over as chief executive of Italy's Fiat in 2004, the chain-smoking Canadian Italian has used Apple as a model, focusing on the way Steve Jobs transformed it from an also-ran computer company into a global icon of cool. He encourages Fiat managers to take a close look at Apple's branding prowess and even asks them to benchmark their activities against the company. His biggest success at Fiat is the 500--a tiny, very cool 21st century version of a 52-year-old Italian icon once driven by movie stars such as Marcello Mastroianni...
...products and into 'pop' products, full of cool environmental technology and on the right side of history," says Carlo Alberto Carnevale, a professor of strategic management at Bocconi University's business school in Milan and a close watcher of Fiat. "In that sense, it's the same bet as Steve Jobs'. That's why Marchionne uses that metaphor...
...exceed the cap. (Companies will also have the option to buy carbon offsets, which involve investing in projects that reduce carbon, like tree-planting.) The idea is that cap and trade gives you more bang for your climate buck. "This bill produces carbon reductions in an affordable way," says Steve Cochran, who directs the EDF's national climate campaign...
...course, the other growth engine for tech is handheld devices, and none is more exciting these days than Apple's iPhone 3GS; the company reports selling more than a million devices in the first three days after the product's introduction. "Customers are voting, and Apple is winning," CEO Steve Jobs was quoted as saying in an Apple press release. It was the first time Jobs had spoken for the company since he went on medical leave in January. Such strength will help offset weakness in Apple's computer business - sales were still declining on a year-over-year basis...