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by leon on January 03, 2009
Just before Christmas, Wikipedia was begging for cash. On December 23, its founder Jimmy Wales had put out an announcement imploring people to donate money to keep the Wikipedia phenomenon going.The...
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by leon on January 01, 2009
Dell is in serious trouble. Its shares have fallen nearly 60% over the past 12 months and the company is desperately trying to regain the market share it ceded to Hewlett-Packard.Things have got so...
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by leon on December 24, 2008
Traditionally, software and PC sell like hot cakes over Christmas. But with the United States in recession and growing job losses, holiday sales are projected to plummet big time and retailers are...
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by leon on December 15, 2008
The Big Three might be sweating blood over whether the Bush administration bails them out or not, but there is a story that's fart broader than the managerial incompetence of US automakers. The...
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by leon on December 11, 2008
Not quite sure what this one says about the FBI, or for that matter Lehman Brothers, with FBI Director Robert S. Mueller, III announcing that it had hired an ex-IT executive at failed investment bank...
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by leon on December 07, 2008
So Barack Obama has pledged to spend up to $700 billion creating 2.5 million jobs in the biggest public works construction program for more than 50 years. The question is will it work?It will...
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by leon on December 04, 2008
Chastened by the public uproar, the chief executives of the Big Three automakers have pledged to earn $1 a year in salary to keep their companies in business. It's a good symbol designed to...
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by leon on December 03, 2008
The automakers want more taxpayers' money. Now they're asking for $38 billion, not $25 billion and have presented plans, detailed by Forbes, with GM cutting its stable of brands from eight to...
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by leon on December 02, 2008
US automakers are finishing their restructuring plans as part of their pitch for the the $25 billion in emergency funding but the reality is these companies are losing so much money that it won't...
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by leon on November 20, 2008
Are there lessons for other industries? Like, for example, the automakers?Airlines are doing it tough in this environment so it was interesting to read last week of Malaysian budget carrier AirAsia...
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by leon on November 11, 2008
We are seeing some interesting patterns with McDonalds announcing strong results despite the downturn. Forbes has gone so far as to suggest it's all because of McDonalds'...
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by leon on November 07, 2008
Another sign that hard times are well and truly upon us with Toyota announcing that it has slashed its earnings by more than two-thirds, or 69%. Look at the numbers carefully. In the first half, it...
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by leon on November 03, 2008
Have just finished reading Thomas Friedman's new book Hot, Flat and Crowded and i must say, I am in two minds about it.Friedman says the only way to fight global warming, or as he correctly calls...
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by leon on November 03, 2008
In the lead-up to tomorrow's vote, the subject of green jobs has been getting prominence with Barack Obama and John McCain promising millions of green jobs. Now CFO.com reports of a study showing...
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by leon on October 28, 2008
Yesterday, I did a blog entry looking at how all these failed companies were lining up at the trough to get some of the $700 billion Paulson bailout package.Now, The Wall Street Journal tells us that...
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by leon on October 11, 2008
Nothing concentrates a man's mind more than his execution.No surprises then that The Wall Street Journal reports that GM is now in talks with Chrysler about a merger. If the merger goes ahead,...
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by leon on October 03, 2008
We are now seeing news reports that retirement is about to become a thing of the past. If only out of economic necessity. Boomers can't afford to retire now that the market has damaged retirement...
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by leon on September 05, 2008
All over the world, the story is the same. Hit by declining circulation and advertising that is at best sluggish, newspapers are cutting jobs. It causes me a lot of pain to see it happening at my old...
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by leon on September 04, 2008
Everyone knows the problems General Motors has been having building the sort of autos that people don't want to drive any more. So much so that GM and Ford have dragged the US car industry into a...
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by leon on September 02, 2008
One of the most bizarre cases yet with the FBI arresting a blogger for blogger for breaking copyright laws by posting copies of songs from the soon-to-be-released Guns N' Roses album, Chinese...
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by leon on August 29, 2008
Why are there more male leaders, both corporate and political, than female? A new study has confirmed something we have all long suspected - a fair bit of gender bias.The study from the Pew Research...
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