Word: units
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Dates: during 2000-2009
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...trust-me CEO took another bullet last week, when American International Group (AIG) fessed up to improper bookkeeping in a deal with a unit of Warren Buffett's Berkshire Hathaway. AIG severed ties with its iconic former CEO Maurice (Hank) Greenberg. But it is Greenberg's link to the even more lionized Buffett that's causing the biggest stir...
...lift from Buffett's marquee leadership, yet investors must live with a lack of transparency in this area, having only the prognostications of outsiders to rely on. Reportedly on Buffett's short list of CEO candidates is Ajit Jain, who runs National Indemnity Co. and is the only Berkshire unit manager that Buffett speaks to frequently. Yet Jain has come under the regulatory microscope in Australia for direct involvement in a deal that looks a lot like the one between Gen Re and AIG. If he's Berkshire's future, investors should know. "Trust me" doesn't cut it anymore...
...really is quite ghoulish for anybody to seek to hold on to human remains," says Queensland Natural Resources cultural heritage unit director Paul Travers, who helped draft the law. "The legislation recognizes that Aboriginal people own their human remains. The approach of saying these remains have some scientific value is just outdated...
...also the world's largest food company, with chocolate making up only about 10% of global sales. Now the company is concentrating specifically on healthy foods, reorganizing to create a stand-alone nutrition division as of April 1 in the U.S. and globally on Jan. 1, 2006. The unit will include everything from baby formula to PowerBars. In 2004, four years after Nestlé bought the PowerBar brand, nutrition products brought the company more than $4 billion in global sales. "CEO Peter Brabeck was on a nutrition kick long before it was fashionable," says Prudential analyst John McMillin, "but now there...
Another iPod mini challenger is the Zen Micro, made by Singapore-based Creative Technology. Like the H10, the Zen Micro sports an FM radio and audio/voice recording. The unit has a solid feel, a sharp, white-backlit screen and an easy-to-understand menu rivaling Apple's famously user-friendly interface. At $250, the 6-GB version costs the same as a 6-GB iPod mini; it's also smaller, plays tunes in the Windows Media Audio format as well as MP3, and when you throw in the radio and recording features, it might be a better deal...