Word: turnaround
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Fresh from reporting Deutsche Telekom's first profit in two years - after making a European-record €24.6 billion loss last year - CEO Kai-Uwe Ricke promised last week that 2003 was "the year of the turnaround." DT isn't the only telecom dialing up good numbers: a string of other phone companies have reported positive results, including British Telecom, which last week posted a 40% gain in quarterly profits. But phone companies aren't off the hook. BT's €8.1 billion pension hole dwarfs its income. And better profits owe more to cost cutting and asset sales than...
...about its elixir-like effect on the economy will be put to the test as reporters demand to know when the promised boost is going to kick in. "These things take time," will be the inevitable answer. True, but not enough, especially since Bush's promises about the economic turnaround that would follow his $1.4 trillion tax cut in 2001 went unfilled. The White House could blame 9/11 and two wars for that. This time, reporters - and voters - will expect more...
Fresh from reporting Deutsche Telekom's first profit in two years - after making a European-record €24.6 billion loss last year - CEO Kai-Uwe Ricke promised last week that 2003 was "the year of the turnaround." DT isn't the only telecom dialing up good numbers: a string of other phone companies have reported positive results, including British Telecom, which last week posted a 40% gain in quarterly profits. But phone companies aren't off the hook. BT's €8.1 billion pension hole dwarfs its income. And better profits owe more to cost cutting and asset sales than...
Nissan's strategy, championed by turnaround CEO Carlos Ghosn, exemplifies the latest transplant wave: a direct assault on Detroit's most profitable models. The Titan was designed by a California-based team of mostly Americans, who Nissan thought could best understand the U.S. truck crowd's preferences. About 85% of the Titan's components come from U.S. suppliers. And it will be built in the pickup-loving South, which Nissan hopes will add credibility. Says Ghosn (pronounced Goan): "The market is sensitive to the fact that this product is assembled...
Born in Brazil of Lebanese parents and educated in France's elite engineering schools, the charismatic, bushy-browed, nattily dressed Ghosn is the quintessential global executive. He earned his reputation as a turnaround artist at Michelin, which dispatched him to fix ailing operations in South America and then gave him the job of restructuring Michelin North America after it bought Uniroyal in 1990. By the time Renault hired him and sent him to Tokyo to fix Nissan (which Renault controls), he had picked up five languages (Japanese is his sixth), a blunt decision-making style and a knack for blending...