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Google makes virtually all its money--$10.6 billion in revenue last year and $3.1 billion in after-tax profit--selling advertisements. But except for a few endeavors like Google Maps, it's a media firm that produces no content. Rather than take on established media outfits as outright competitors, Google has been trying to persuade them to let it help them find audiences and sell ads. Some media powers have signed up. But the prospect of a world organized on Google's terms remains unsettling to executives accustomed to controlling the path their products take to consumers...
...environment we control." But online audiences gravitate toward neutral platforms that old-line media companies don't control, from Google's search box to Apple's iTunes Music Store--and to YouTube, which already gets more traffic than all the TV-network websites combined, according to research firm Hitwise. "Eventually all of the copyrighted content will be available on virtually all of the sites," Google CEO Eric Schmidt said in an interview on Bloomberg TV. "The growth of YouTube, the growth of online, is so fundamental that these companies are going to be forced to work with...
When Drexler showed up at J. Crew in 2003, no one was doing much of anything. Sales had dropped four out of five years running; the company's majority owner, private-equity firm Texas Pacific Group, had changed CEOs like last season's fashions, three in five years. On Drexler's watch, J. Crew rebounded dramatically, earning $3.8 million in 2005, its first profit since 2000. On March 13, the company reported 2006 sales of $1.15 billion, up 21%, and a healthy profit of $77.8 million...
...Peters factor cut deeper than the name. The company was filled with his adherents, including some who were itching to emerge from his shadow. "We weren't all trying to be mini--Tom Peters," says Parks, a 20-year veteran of the firm. "[But] some people in the organization had tom peters tattooed on their arm." In fact, some key players who had followed Peters into the company eventually followed him out. Ron Crossland stepped into the void but in January passed the management torch to Thompson while remaining as chairman...
...brutally honest he was.” Some students afterwards lauded Tufts’ commitment to bringing controversial speakers to campus. “I think Bacow made a good decision,” said Tufts sophomore Kanupriya Kapoor. “He has a tendency to take a firm stand on things and he held his ground even though there was opposition to this speaker.” “One of the nice things about talking to Larry is that he always gives you food for thought,” Bacow said. —Staff writer...