Word: telecoms
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...years old. Which of his two sons--quiet, nose-to-the-grindstone Victor or sociable, creative Richard--will take over the family businesses? The Li holdings are massive and include property giant Cheung Kong Holdings, one of Hong Kong's biggest property developers, and the ports, retailing and telecom conglomerate Hutchison Whampoa. It's a question that Li, as well as investors in his publicly traded companies, which have a combined market value of $74 billion, must inevitably confront in the coming years as he attempts to safeguard his immense legacy...
KRISH PRABHU Telecom Titan...
Like most Indian kids, Prabhu wanted to play pro cricket. He may have fallen short on the field, but he's hitting a six in the suites. Tellabs, the Naperville, Ill., telecom-gear maker (2003 sales: $980 million) that sells data systems and voice enhancers, recently named him CEO. The board is betting on a repeat. When Prabhu, 49, was boss of Alcatel USA, a division of the French telco, revenues increased fivefold, to about $5 billion, over his three-year tenure...
...home, that's about $10,999,955,000 more in financial skulduggery than was involved in Martha Stewart's trial. (Stewart saved $45,000 by selling her ImClone shares when she did.) No one embodies late 1990s speculation more than Ebbers, 62, who as CEO of a high-flying telecom operated at the epicenter of the tech bubble. Ebbers grew unimaginably rich on paper by securing millions of stock options. When WorldCom's growth machine began to sputter so did its stock price, denting Ebbers' net wealth. Yet he tapped WorldCom's cash reserves for hundreds of millions of dollars...
...company in China. That firm will handle Lightpointe's sales and marketing there as the company expands into a huge new market. Without the local help, says Lightpointe CEO John Griffin, he could not have entered the Chinese market and would have been limited to the flailing U.S. telecom market. "Some of my competitors were not as flexible," Griffin says. "They're dead. All those employees are gone...