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...Unlike most companies, particularly foodmaker Kraft, which is also considering a bid for Cadbury, Hershey is controlled not by investors but by a charitable trust, established a century ago by company founder Milton Hershey to fund the education of orphans. The Hershey Trust, which holds 80% of the voting stock of the candy company, runs the Milton Hershey School not far from the corporate headquarters in central Pennsylvania, and it is required to maintain it in perpetuity. (See which businesses are bucking the recession...
...move will reduce Citi's capital ratios and hurt earnings; it may also accelerate a retreat of foreign investors from the company's shares. Worse, the government is demanding stricter terms from Citi than it did from Bank of America on the repayment deal it struck just a week ago. The different treatment shows that the government remains more concerned about Citi's finances than those of its rivals...
Perhaps Citi should have slept on Dubai. A year and a half ago, Citigroup became the first U.S. bank to relocate one of its rising stars, Alberto Verme, an investment banking executive, to the booming gulf state. At the time, Citi CEO Vikram Pandit said the move was a sign that the bank was "convinced of the region's long-term and immense growth opportunities...
...needed. "I have been pounding the system to say we have got to sit down and determine what we need after eight years of war," Chiarelli said. That shortage has made it tougher "to handle what I think is a higher rate of substance abuse today than eight years ago." Why is it higher? "I think it's only natural you're going to see that as soldiers come back [from war], you know, with the dwell time that they have [before returning to war], that we're going to have a higher rate." Last week, Admiral Mike Mullen, Chairman...
This was not the first time an onlooker had launched a dangerous object at Berlusconi. Five years ago, Roberto Dal Bosco was visiting the historic Piazza Navona when he happened upon a small crowd gathered around the Prime Minister on an afternoon stroll. Dal Bosco threw his tripod at Berlusconi, who suffered minor shoulder injuries. But after receiving a letter of apology, Berlusconi publicly forgave his attacker...