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Public companies, beware: private-equity firms are trolling for your top managers. General Electric became the latest prey in August, when VNU Media, a Dutch market-research firm, poached 27-year GE veteran David Calhoun for its top job. As takeovers become larger, private-equity firms increasingly value strong management, and Calhoun, 49, joins a growing line of execs defecting from their listed companies. They're lured away by private equity's promise of less scrutiny and big financial reward. Calhoun's new pay is rumored at around $100 million. It's a price tag for which VNU's owners...
...study is being run by Neurosense, a consulting firm based in Oxford, England, and a leader in the fast-growing industry called neuromarketing. Neuromarketing uses neuroscience--particularly fMRI scanners--to better understand how our brain reacts to advertising, brands and products, reactions that for the most part occur subconsciously. The burgeoning ability to understand how the black box of the brain processes images and messages and reaches decisions potentially gives marketers a new tool to fine-tune ads and marketing campaigns, bolster and extend brands and design better products. "It can give valuable information that's not particularly easy...
...college rivalries is the least of the challenges facing Lenovo's managers. Once little known outside China, Lenovo catapulted to No. 3 in the world PC market (after Dell and Hewlett-Packard) with its $1.75 billion IBM purchase. The acquisition, the most high-profile overseas grab by a Chinese firm, horrified many Americans, who saw a rising China set to gobble up flagship industries in the U.S. After all, IBM virtually invented the PC 25 years...
Back in the 1970s, when Texas politicians still drank, smoked and sparred in dark smoky bars, The Quorum Club was Austin's premier political watering hole. There at the big corner table, you'd find a cast of political characters drawn in bold Texas strokes-men with firm handshakes and loud laughs, men who had been nurtured by LBJ and knew politics, by and large, for that matter, mostly men. Most women in the room then were decorative. Except Ann Richards, the onetime Texas governor with the sharp tongue and quick wit, who died Wednesday...
...People who live in cities want to re-create spaces that don't exist anymore," says Lucian James, president of Agenda Inc., a research and strategy firm based in San Francisco and Paris. "Social groups are now so fragmented that brands are finding a new way to bring people together and create social networks...