Big is beautiful

Article Abstract:

German chemicals and pharmaceuticals Bayer realizes the need to introduce certain changes to improve its performance. After posting disappointing results in the 1st qtr of FY 1997, Chmn Manfred Schneider has conceded that cost reduction and divestments would have to be considered. The company has already embarked on an organizational restructuring and has sold off a number of its non-core businesses, including its dental care and consumer care units. However, Bayer maintains that, unlike rivals Hoechst and ICI, its restructuring program will not involve the separation of the chemical and pharmaceutical operations. It points out that keeping the two units together has been producing synergies for the company for a century. Bayer also insists on maintaining a diverse portfolio because it believes that this strategy provides an opportunity to exploit other markets.

Pharmaceutical Preparation Manufacturing, Chemicals & Allied Products, Chemical Manufacturing, Pharmaceutical preparations, CHEMICALS AND ALLIED PRODUCTS, Pharmaceutical industry, Drugs, Chemicals, Chemical industry, Bayer AG, Company Profile

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The selling of a scandal

Article Abstract:

Cliveden PLC has transformed the controversial Cliveden country house into a luxurious hotel. The mansion is rich in history, having been the home of the second Duke of Buckingham, the Duke of Sutherland and, more recently, three generations of the Astor family. Over the years, it has come to be associated with opulence, political intrigue, scandals and lavish social entertaining. Cliveden opened as a hotel in 1986 through the efforts of John Lewis, John Tham and the company's current chairman Lord Crathorne. Since then, it has gained a good reputation and has proven to be a highly profitable business. In 1995, it reported a gross profit of 1.4 million pounds sterling on a turnover of 6.4 million pounds. Cliveden Finance Dir. Colin Castelino says that his company aims to operate several small, luxury hotels like Cliveden.

Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, Cliveden PLC

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Driving force at the helm

Article Abstract:

Chartered accountant Douglas Campbell has been appointed as the new executive director of the British charity Disabled Drivers' Assn. (DDA). Although he has been a volunteer for the association for 27 years, the wheelchair-bound Campbell still had to compete with 72 other people who wanted the DDA post. He appears well suited for the job, having a good sense of humor, infectious enthusiasm and the ability to persuade people. Campbell himself is convinced that his understanding of the economy is beneficial to the DDA. He sees not only what needs to be done, but also the financial issues involved in getting things done. The new DDA head claims that he enjoys his present work immensely and has no plans of going back to the accountancy profession.

Civic and social associations, Civic and Social Organizations, Civic, Social & Fraternal Orgztns, Appointments, resignations and dismissals, Associations, Campbell, Douglas

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