Word: telemedia
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Dates: during 2000-2009
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...Beaubien family’s roots extend generations back into the Quebec fur trade. But after earning an MBA from HBS in 1951, Philippe de Gaspe Beaubien started a Canadian communications firm, the Telemedia Corporation, which today is run by his sons...
...there's at least one person who believes Global Crossing will rise again: Hong Kong Uber-dealmaker Li Ka-shing. Through a partnership between Hutchison Whampoa, Li's Hong Kong ports/telecoms/electric power conglomerate, and Singapore Technologies Telemedia (STT), owner of Singapore's third-largest phone company, Li has engineered a rescue package. The two companies have bid $750 million to help recapitalize and restructure Global Crossing. If the plan is approved by the courts (it's likely to be controversial because the proposal calls for holdings of mom-and-pop shareholders to be wiped out), Hutchison and STT will wind...
Entrepreneurs who are faced with the task of letting employees go and watching their businesses decline in the wake of Sept. 11 have had the dual stresses of their own shrinking livelihoods and having to hand out pink slips to cherished employees. Joe Schramm, 48, founder of Schramm Telemedia, a sports-and-entertainment-marketing company specializing in international soccer events--a big deal in an international city like New York--had to lay off more than half his staff at the end of September. The company was organizing two Latin American tournaments in New York, from which it expected...
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