Boeing, Boeing, gone?

Article Abstract:

Boeing chief executive and chairman, Phil Condit, faces a number of challenges, such as competition from European Airbus. The company has been hot by the drop in defense orders and the Asian economic crisis The company is shedding 48,000 jobs from a total of 230,000, due to inflexible labor practices and managerial complacency. A strike following an attempt to outsource some production in 1995. The company's difficult relations with labor unions shows that it is not easy to achieve cost savings.

Executive changes & profiles, Aircraft, Aircraft Manufacturing, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft industry, Boeing Co., Condit, Philip

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The resurrection

Article Abstract:

Michael Milken, who was a high-profile junk bond dealer in the 1980s, is now creating a new business empire through holding company Knowledge Universe. This company is making a large number of acquisitions as it seeks to become a leading provider of education services in hi-tech and consultancy, and its turnover has already reached $1.5 billion a year. Milken is also working very hard to restore his reputation and to distance himself from the greed and self-interest of the 1980s.

Comment:

Has been formed by former junk bon king Michael Milken

Strategy & planning, All Other Miscellaneous Schools and Instruction, Education Services NEC, Educational services industry, Behavior, Instructional materials industry, Milken, Michael R., Knowledge Universe Inc.

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