Word: ceos
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Despite these strong fundamentals, Iceland has undoubtedly lost some steam - and importers feel it the worst. Úlfar Steindórsson, CEO of Toyota Iceland, says that the depreciated krona raised the price of imported cars by 25% in just a matter of weeks, bringing his booming sales to a standstill. He now predicts year-on-year revenues will end 30% lower. But Steindórsson doesn't blame the government or Iceland's banks. "The crisis didn't start in Iceland - it started in the U.S.," he says. As he sees it, the international dimension of the credit crunch...
Another panelist, Saad al-Barrak, deputy chairman and group CEO of Kuwait-based mobile-phone operator Zain, argued that the greater political challenge may be internal, with Gulf countries making poor progress toward democratic reform. While the region has built key "hardware" such as roads, schools and skyscrapers, al-Barrak said it has yet to develop the "software" required to fulfil its potential - an efficient legal system, regulatory transparency and free elections. "That is what creates sustainability," said al-Barrak. "That anchors the future." He also criticized the Gulf's bloated public sector, joking that Kuwait has so many government...
...Real Estate Board was worried that mandatory drills could lead to injuries that could lead to lawsuits. A lawsuit, then, is more frightening than a catastrophe, which is a shame. Because if a real disaster should come to pass, people will rise to the expectations set by their CEO or headwaiter, and they will follow their leader almost anywhere...
...result of separating the roles because of circumstance, rather than solely on principle, means that when circumstances change, so might the commitment to having different people in those jobs. In 2003, Charles Schwab stepped down as CEO of the brokerage firm he founded, but remained chairman. At the time, he said in the statement: "As many experts have suggested, from regulators to Congress to independent blue ribbon panels, it is important in today's environment that the positions of C.E.O. and chairman be distinct and that the chairman play a central role." But the next year, as the company struggled...
...list can change at any time. The unfairness of this bait-and-switch game - to both patients and doctors - is pretty nasty. The hospitals and facilities you signed up for originally might suddenly be replaced by facilities that are - you guessed it - cheaper. While your premium (and the CEO's bonus) goes up, the dollar value of what you're getting - i.e., what the company will pay your hospital or doctor for their services - goes down...