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...company's political ties have assured access to other top Bush officials. Cook tells TIME he met with Assistant Defense Secretary John Stenbit last October to ask that Global Crossing be included in contract rebidding to hook up U.S. defense scientists. Global won an earlier bid for the $400 million job, but bureaucratic snafus forced the Pentagon to cancel it, a decision Cook protested to Stenbit...
...third-party financing principally to reduce EDS's risk. The financial institution assumes all credit risks associated with the repayment of these customer obligations. The only exposure for EDS is in the unlikely event of nonperformance by our company, which would permit the customer to terminate the contract. We have never had to repay a loan because of contract termination for nonperformance. SCOTT KRENZ, VICE PRESIDENT AND TREASURER, EDS Plano, Texas...
...ELVIS TREASURES This coffee-table scrapbook is filled with reproductions of Elvisabilia, from a contract with RCA to an eighth-grade library card, which readers can tuck into the pocket of their best rhinestone-studded jumpsuit...
...clearing the World Trade Center site is running one to three months ahead of schedule. And much of the praise for the job is going to the firm that oversees the project: Bovis Lend Lease of Sydney. How did a company from Down Under land such a high-profile contract? In 1988 Leher McGovern, the New York City firm that restored the Statue of Liberty in 1986, was acquired by Bovis--a global construction giant based in London. Bovis was bought in 1999 by Australia's Lend Lease, which not only does good work but also retains executives with close...
...itself. The league is run as a government sports program. Top officials are Communist Party appointees accustomed to top-down dictatorship?and the league's lack of marketing and promotional expertise shows. At the beginning of the season, CBA officials lost a $4.2 million marquee sponsorship and promotion contract when its would-be partner, Y.C. Advertising, a media company owned by Hong Kong's Tom.com, withdrew only a month before the season was to begin. Motorola stepped in as the league's title sponsor, but the hastily arranged deal netted the CBA just $1.8 million, less than half of what...