Word: turnarounds
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...would be wrong, though, to underestimate Kim, who has become near legend in Seoul for the turnaround he engineered at LG's appliance business. When he took over in 1996, LG was making washing machines and refrigerators that seemed little more than cannon fodder for low-cost Chinese companies like Haier. Kim sliced costs by moving production of low-end products to China. He proved there is room for innovation in basic white goods, introducing, for example, appliances like air-conditioners that can be controlled from the Internet. The result: sales reached $4.7 billion last year, more than twice...
...would be wrong, though, to underestimate Kim, who has become near legend in Seoul for the turnaround he engineered at LG's appliance business. When he took over in 1996, LG was making washing machines and refrigerators that seemed little more than cannon fodder for low-cost Chinese companies like Haier. Kim sliced costs by moving production of low-end products to China. He proved there is room for innovation in basic white goods, introducing, for example, appliances like air conditioners that can be controlled from the Internet. The result: sales reached $4.7 billion last year, more than twice...
...succession shuffle comes at a difficult time at Fiat, which has lost $7.5 billion in the past two years. The Agnellis control diverse assets, but the prize--and the site of the problems--is Fiat, 30% of which the family owns. Morchio had put in place a tough turnaround plan designed to rescue the automaker. The fourth CEO in two years, Morchio was negotiating with General Motors over an option to sell Fiat to GM that was signed...
...This turnaround was made even more drastic with the loss of senior Todd Schulte and sophomore goaltender Robbie Burmeister, both of whom were expected to contribute a great deal this year, and hindered the Crimson (4-14) from doing anything better than a fifth-place finish at the Northern Championships...
Glaeser spoke to The Crimson Friday while boarding a plane to Baltimore, which, he said, “is one of those cities with less of a skill base that hasn’t had the kind of turnaround as Boston.” While his Baltimore trip is for nonacademic purposes—Maryland is home to his wife’s family—Glaeser has developed a reputation internationally as a globe-trotting consultant dispensing economic advice to far-flung urban centers...