Word: vivendi
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...Even if the two sides could come to some form of modus vivendi in Iraq, Afghanistan and even on the question of dealing with al-Qaeda - which, being an extremely sectarian Sunni movement remains, after all, a natural enemy of the Shiite regime in Tehran even if they share a common enemy in the U.S. - it's far from clear that the path of engagement can yield the desired result in terms of Iran's nuclear program. Analysts fear that Tehran may now be racing headlong to build a nuclear weapon despite international pressure to desist, possibly sparking a preemptive...
...hard to find anybody in France who feels sorry for Jean-Marie Messier, the self-promoting former head of Vivendi Universal, who tried to turn the onetime water utility into a glitzy worldwide media giant and ended up driving it to the brink of bankruptcy. But after Messier was held in jail for 36 hours recently by magistrates who opened a formal criminal investigation against him, the big question is no longer how inept he's been. It's whether he was solely responsible for Vivendi's near downfall or is just taking the fall for the failings...
...become the scapegoat of everyone who played a role [in Vivendi's near bankruptcy...
...Philippe Guez, a former official at Deutsche Bank who carried out the stock transactions for Vivendi. (The three others worked at Vivendi, including former Chief Financial Officer Guillaume Hannezo.) And there may be repercussions for the regulators themselves. The initial spark for the investigation was a complaint filed by small Vivendi shareholders. Frédérik-Karel Canoy, the lawyer for the group, tells Time that he has now filed a follow-up demand for a formal investigation of the cob's president and general manager, both of whom are still in office. The cob, since renamed the Financial...
HUBERT JOLY Globetrotter At first glance, Hubert Joly, 45, a former technology consultant and ex-chief of Universal Vivendi's game division, seems like an unlikely executive to lead Carlson Wagonlit Travel, the world's second largest business-travel company. But the French-born Joly, who loves to travel with his wife and two teenagers, insists that technology is what the $11.5 billion, Paris-based firm, with 12,500 employees in 140 countries, needs most to compete with online travel services like Expedia. His expertise should also help him handle the deregulation of reservation systems like Sabre...