GM board shuffles duties, executives

Article Abstract:

General Motors (GM) intends to launch a global reorganization that will make US operations chief G. Richard Wagoner as president. According to people close to the deal, the reorganization will also include the appointment of marketing chief Ronald Zarella as president of North American Operations (NAO), replacing Wagoner. In addition, Lou Hughes, president of International Operations, will become an executive vice president in charge of global business development under the worldwide revamp. The move, approved by GM's board of directors on Oct. 6, 1998, gives GM a clear No. 2 executive.

Comment:

Intends to launch a global reorganization that will make US operations chief G. Richard Wagoner as president

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Smith: GM puts no price tag on market share

Article Abstract:

General Motors CEO Jack Smith said that his company is aiming to control at least 30% of the market and that it would not hesitate on providing the appropriate incentives to attain that goal. The carmaker held a 28.9-percent market share through August 1998 as it suffered from the strikes in June and July 1998, hurting almost all of its operations in North America. As it faces more difficult times as the yen declines, Smith will move the company to replace one or two assembly plants with three smaller, but more efficient facilities in a span of five years.

Comment:

Is aiming to control at least 30% of market & would not hesitate on providing appropriate incentives to attain that goal

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Business travelers keep their feet on the ground

Article Abstract:

After the September 11, 2001 terrorist attack, more businesses are looking for various means to communicate long distance that don't involve flying. This has meant an increase in videoconferencing, and telecommuting.

Telecommunications, Use of services, Telephone Communication, Communication services, not elsewhere classified, Other Telecommunications, Business, Video Conferencing, Telecommunications industry, Videoconferencing

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