Word: succession
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Dates: during 2000-2009
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This explanation for Goldman's success hasn't been getting a lot of media play lately. Fox News talker Bill O'Reilly instead refers to the firm as an assemblage of "swine." Rolling Stone writer Matt Taibbi, showing more creativity if not sympathy, calls the firm a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money...
Rolls-Royce is also facing greater competition from its old stablemate, Bentley, which has had phenomenal success in recent years with its lower-priced Continental line of luxury cars. Bentley sales, which consist primarily of Continentals, jumped from 6,576 in 2004 to 10,014 in 2007, before falling back to 7,604 last year...
...costing less than $300. These wi-fi-equipped netbooks were enthusiastically accepted by an increasingly bargain-conscious public. Sales are soaring this year even as overall PC sales decline during the recession; research firm DisplaySearch predicts 1 in 4 laptops sold this year will be a netbook. This resounding success vaulted Asustek's Asus brand onto store shelves all over the world. (Read "Little Wonders: Three Netbooks Worth Owning...
...other companies. In mid-2007, about the same time that Apple launched the iPhone, HTC started selling its own touchscreen phone. The HTC Touch became popular in Asia, partly because it was cheaper than the iPhone and could be used on a variety of cellular networks. Based on that success, HTC now ranks fourth in market share for smart phones globally, according to research firm IDC. The company, which is about to release a new smart phone, the Hero, hopes to ultimately become one of the top five handset makers in the world...
...Taiwan's success in electronics is a prime example of economic policies that lifted the island from poorhouse to powerhouse in a generation. But these days, the model that Taiwan has followed since the 1960s - concentrating heavily on building industries that could export to the wealthy West - has been exposed as dangerously flawed. Amid the global recession, electronics exports plunged 28% in the first half of 2009 compared to a year earlier, contributing to a 10.2% contraction of Taiwan's first-quarter GDP, the worst quarterly performance in the island's history. The government forecasts the economy will shrink...