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...While a lot could be done at the level of the house and individuals, what was really needed was institutional change,” says co-founder Zachary D. Liscow...
...America runs on Dunkin'") are part of a carefully orchestrated plan to spiff up the brand with an eye toward taking the company public. A year from now, "we'll sit down and say, Is the company at this point geared for a reasonable IPO?," says Carlyle Group co-founder Dan D'Aniello. Carlyle, together with Bain Capital and Thomas H. Lee Partners, bought Dunkin' Brands from the French beverage giant Pernod Ricard for $2.4 billion in March 2006. To make that investment pay off, Dunkin' will have to fend off competitors trying to take a bite...
Nkrumah, Ghana's founder, embarked on an ambitious program, building schools, houses, roads, a new port, factories. The idea was to wean Ghana from trade and investment with Britain and the other colonial powers. But Nkrumah's policies came at a high price. Industrialization cost millions, and the government neglected cocoa, Ghana's traditional export crop, which brought in most of the foreign exchange. Ghana's economy began to fall apart. In 1964, in a move that would be repeated by other African leaders in the decades to come, Nkrumah declared Ghana a one-party state and himself leader...
With global travel in its best shape in years, Air France is enjoying the fruits of its 2003 merger with Dutch airline KLM, creating a dual-hub network with considerable global reach. Skeptics predicted the marriage would founder on Dutch resentment of notoriously overbearing French handling of past binational mergers. Yet the partnership has not only functioned better than management or labor had hoped, but has also established the sector's standard for future linkups. "Everyone else is now trying to follow. Some airlines are actually seeking to replicate it to the smallest details," says Yan Derocles, an analyst with...
DIED. Marjabelle Young Stewart, 82, etiquette maven and founder of classes for girls (White Gloves) and boys (Blue Blazers) once offered in 800 U.S. cities; in Kewanee, Ill. Raised in an orphanage and later on an Iowa farm, Stewart married at 17, moved to Washington and became a successful model. She switched careers after co-writing, with Art Buchwald's wife Ann, the lighthearted surprise-hit etiquette tome White Gloves and Party Manners...