Daily Archives: August 2, 2009

The Miracle At Ford (F) Continues

fordFord (F) made two audacious decisions recently, decisions made in an industry where audacity is a distant memory that died when Lee Iaccoca left the business. William Clay Ford, Jr., the company’s CEO since 2001, went outside the industry and he and Ford’s board brought in Boeing executive Alan Mulally to replace him in September 2006. Mulally may have been a good executive but he was not a “car man”, the kind of manager who had been running The Big Three for years. Read More »

Posted on: August 2, 2009 – 6:00 pm in Autos, Uncategorized, , ,

Guardian Media Group Looks At Cuts

newspaperThe Times of London reports that the Guardian Media Group may close its venerable Observer newspaper. The cuts by the firm may have to go deeper than that based on its most recent financial statements.

In the media company’s last fiscal year, revenue fell to 409 million pounds from 502 million the year before when exceptional items are backed out. The firm lost almost 68 million pounds compared to 3.7 million the year before, on an operating basis. Read More »

Posted on: August 2, 2009 – 7:59 am in Media, Old Media,