Word: terras
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Dates: during 2000-2009
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...Business was brisk today. Hands, whose London-based private equity company Terra Firma picked up EMI for $6.5 billion last year, told his staff that as many as 2,000 of them would lose their jobs over the coming months as part of a plan to pare EMI's costs by around $400 million a year. More effort had to go into finding fresh acts, Hands said, as well as into getting more out of those the firm already has. Out will go diverse sales, marketing, manufacturing and distribution units, to be replaced by a single division. "We believe...
...excess fat in a company; and one that operates in the decadent music business ought to be easier than most. But ensuring that company has a long-term future is trickier. On that score, Hands has a decent back catalogue. First with Japanese bank Nomura, and more recently at Terra Firma, the 48-year-old boosted the fortunes of a slew of companies, from a waste-recycling group to a chain of pubs...
...taking on EMI is a different proposition altogether. Private equity firms, unlike the stars on EMI's books, prefer to toil in, well, private, dissecting a business well away from the glare of the media. Way before Hands took an axe to EMI's payroll, Terra Firma's management of the business was caught in the spotlights. Worried that Hands wouldn't know his A&R from his R&B, alt-rockers Radiohead severed ties with the label shortly after it was sold to the private equity firm, and took the radical step of allowing fans to download and name...
...have to pay).Similarly, JetBlue campus rep Jason B. McCoy ’08 reports a positive response.“Most people are really receptive to chips,” McCoy says, referencing the potato chips he hands out in collaboration with JetBlue’s partnership with Terra Chips, the official snack provider of the airline.“Even though not everyone gives a positive response,” he adds, “it’s a good environment to work in because we’re all students. So, we understand the situation?...
...taken a very long time to drag the Australian courts and government into admitting that the Aborigines owned their land before white arrival--that the doctrine of terra nullius (no- man's-land) was legally invalid. This finally happened in 1992, when Eddie Mabo, a member of the Meriam clan on the Murray Islands in the Torres Strait off northern Australia, successfully argued before the high court that his people had been there before the whites and had never given up their ancient rights of ownership. This was the first "native title" victory in Australian...