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...Steel, for example, shed half of its 78,000 workers between 1994 and 2005, using retirement and voluntary redundancies to lower costs and boost productivity. "The Tata group's relationship with its employees changed from the patriarchal to the practical," reads the Tata code of honor, which sets group-wide standards of conduct. Subir Gokarn, chief economist at ratings agency Crisil, says Ratan Tata read the runes of change and largely avoided the rash of business failures in India that followed reform: "He survived the bloodbath. Those who made no changes became extinct...
...grow Tata Tea. "We look for the acquisition of companies that fill a product gap or have a strategic connection with what we do, wherever that company might be," says Tata. The same holds true for the latest steel deal: it fills a gap. Corus makes a wide range of high-end products not in Tata Steel's repertoire. The pairing will give Corus access to cheaper steel while handing new markets and know-how to Tata. Says Rothschild's Bhandarkar: "Other Indian groups look at things opportunistically. Tata is the only one with an international strategy...
...Flags flew for unsportsmanlike conduct, and the Tigers got a much-needed first down that would lead to the game-winning touchdown pass to junior wide receiver Brendan Circle with 4:37 remaining in the game...
...intent was quite the opposite. This course has been an important part of the core curriculum in Historical Studies for over two decades, and I expect it will continue to be part of any future general education curriculum. The points I did not properly make are that a wide range of historical courses ought to have a secure home in the curriculum, and to that end, it will be important to articulate a broader rationale for making study of the past part of general education. In discussion with members of the task force and other colleagues, I hope to offer...
...Haass was giving a wide-ranging review of the U.S. foreign policy challenges around the globe - challenges he described as ranging from grim to dismal. Between North Korea, Afghanistan, Iran and Iraq, the U.S. faces a more daunting set of strategic tasks than it did even during the Cold War, he said. He believes the U.S. is in for several decades of difficulty in the region of the world that the Administration is hoping to remake with freedom and democracy. "How do you deal with a Middle East that does not have the building blocks of stability?" he asked...