Word: ceos
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...projected gains are pretty modest: 2.3% in 1997 and 2.7% in 1998. The fate of the common currency of the European Monetary Union, which is to be inaugurated Jan. 1, 1999, is a big reason. The new unit, known as the euro, will proceed on schedule, predicts John Hsu, CEO of John Hsu Capital Group, a New York City-based money-management firm. "But there will be all kinds of compromises. That implicitly means the euro is going to be a weak currency." Britain is expected to fare marginally better than the Continent, with 1997 growth...
...under the charismatic Fisher, 56, a native of Anna, Ill., who holds a Ph.D. in applied mathematics from Brown University and is one of corporate America's highest-profile executives. For leading once sleepy Motorola into the digital age, Fisher is on the short list for many high-profile ceo jobs that become available. He spurned an offer to head IBM before Louis Gerstner took that turnaround job in 1993. More recently, Fisher was widely viewed as a possible successor to AT&T chairman Robert Allen. Perhaps partly to scotch speculation that he might be leaving, Fisher agreed to lead...
...Merrill Lynch and Smith Barney by using the Web's data-processing efficiencies to cut pricing to the bone. E*TRADE charges a commission as low as $14.95 for a 100-share trade. e.Schwab's online fees are $29.95. A trade by phone through Fidelity costs $48. E*TRADE CEO Christos Cotsakos says he has 220,000 active customers with accounts valued close to $7 billion in assets...
...sharks in question have a different perspective. Underwriters do get a discount for, in essence, buying in bulk, admits Michael McCaffery, CEO of the investment bank Robertson Stephens. "The immediate premium of 15% or 20% is an accepted convention." But evaluating untested companies, he adds, is difficult; the rewards we ogle in the newspaper come with considerable risk that the company will flop, leaving its bankers holding...
Whoever runs the Times next may have to do it within a drastically changed company. One question is who will take over when Punch Sulzberger, 71, retires as CEO. Though his son is heir-apparent, there is speculation that other family members may challenge young Arthur for the title or at least insist that the jobs of ceo and publisher (combined under Punch) be separated. Meanwhile, the company--flush with cash after selling off several sports and leisure magazines--is shopping for a substantial acquisition or two in the next year. If the Times Co. were to purchase a major...