Word: write-offs
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Sony never needed new leadership more than it did in April 1995, when Nobuyuki Idei leapfrogged a dozen more senior executives to become the company's president. As the world's trailblazer in entertainment electronics, Sony invaded Hollywood in 1989 by buying Columbia and TriStar Pictures; in November 1994 the...
Sometimes a record label's attention span is even shorter than the public's, which means that even promising bands don't have a chance to develop followings. "A major label will sign an alternative-rock band and put in six months of invested time," says Wendy Powell, assistant to...
While international health officials stress that the majority of gifts are genuine and deeply appreciated, they want to put a stop to donations that may be motivated in part by interests other than those of the recipients. Dr. Erik Schouten, who has worked with Doctors Without Borders in emergency-relief...
Nor is it startling any longer to hear of new job eliminations, even at companies that have already gone through several previous rounds of layoffs and are earning solid profits. AT&T qualifies on both counts. It has been bouncing people at an average rate of around 900 a month...
No one is as happy about that turnaround as Nemir Kirdar, 59, the Iraqi-born founder and president of Investcorp, the Arab investment boutique that engineered Gucci's turnaround. Shod in black reptile-skin Gucci loafers, Kirdar sat confidently in his company's New York City office--occupying the entire...