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When Blackstone bought Telekom shares last April, it committed to holding them for two years. So at the current price, neither the German government nor Blackstone is prepared to exit, a circumstance that is fueling rumors that Ricke could be replaced in December with a CEO with global chops who...
The 90% who can't conceive of life not-as-a-doctor are on the verge of being replaced by a bunch who don't seem to mind the bureaucratic stuff - the 9 to 5 docs. Hard problems do not attract them. Sub specialization, cost-effectiveness and "compliance issues" will...
Gen. Tommy Franks, who led the successful Iraq invasion in 2003, has come in for his share of criticism for failing to plan sufficiently for the postwar phase. But the generals who replaced Franks in the summer of 2003 have largely escaped criticism. That, however, is starting to change. Chief...
However, as time passed, the practice of endogamy faded and was replaced by intermarriage across denominational lines, decreasing the importance of religious divisions in American society, Putnam said.
The MTA’s decision to drop tolls has been couched under the progressive rhetoric of giving long haul commuters a break. Gov. W. Mitt Romney has said that “the western drivers of Massachusetts have been ripped off,” and the abolition of tolls...