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 Business › What Do Folks Think About The Airbus Debacle? by anton(op): 5:43am On Jul 09, 2006 |
Top Officials of Airbus and EADS Step Down By CARTER DOUGHERTY Published: July 3, 2006 FRANKFURT, July 2 — The head of Airbus and the co-chief of its parent company resigned on Sunday after the disclosure of production delays for the Airbus A380 jumbo plane and an investigation into insider trading, which together have sent its shares tumbling. Skip to next paragraph Enlarge this Image Michel Euler/Associated Press; Jose Giribas/Bloomberg Noël Forgeard, left, and Gustav Humbert, who both resigned Sunday. Noël Forgeard, co-chief executive of the parent company, the European Aeronautic Defense and Space Company, and Gustav Humbert, the chief executive of Airbus, stepped down under pressure from their largest shareholders, the French government and the Lagardère Group of France on one side, and DaimlerChrysler of Germany on the other. Airbus said last month that the A380, which is to be the largest commercial jet in the sky, would be delivered to customers six months late, reducing projected earnings by 2 billion euros ($2.6 billion) over the next four years. Shares of EADS have declined more than 10 percent since then. "As president and C.E.O. of Airbus, I must take responsibility for this setback and feel the right course of action is to offer my resignation to our shareholders," Mr. Humbert said in a statement. Mr. Forgeard, 59, was criticized after French regulators found that he had sold $2.5 million worth of EADS stock shortly before a March 20 announcement that DaimlerChrysler and Lagardère would be reducing their stakes in the company, and three months before news of the A380 delays erased billions of euros from the company's market value. He has denied wrongdoing and said the stock sales were coincidental. Though he later softened his tone, Mr. Forgeard struck a defiant note as recently as Wednesday when he defended his conduct to French legislators. The French government owns 15 percent of EADS. The resignation put an end to Mr. Forgeard's stint as co-chief executive after only a year but did not impose the thorough reorganization on the management structure that shareholders were calling for. He will be succeeded by Louis Gallois, the current head of SNCF, the railway company owned by the French government. Mr. Gallois, 62, who is already an EADS board member, had served as chief executive of the airplane engine manufacturer now known as Safran. He was also chief executive of Aérospatiale, one of the component companies of today's EADS, from 1992 to 1996. Mr. Humbert will be succeeded by Christian Streiff, 51, the deputy chief executive of the French building materials group Saint-Gobain. Mr. Streiff, a French citizen, will head to Airbus with a background in companies that straddle borders. He has experience running operations in Germany, France, Italy and the United States. Mr. Humbert, 56, a German who had been the first non-French chief at Airbus, was a less polarizing figure than Mr. Forgeard. But he nevertheless paid the price for the A380 delays, which Mr. Forgeard had initially blamed on the factory in Hamburg that produces the plane's fuselage, but later appeared to be tied to wiring problems that originated last year, while Mr. Forgeard was still co-chief executive of Airbus. In a nod to the problems at Airbus that led to the current crisis at EADS, the company vowed to "closely integrate" the Airbus jet manufacturing division into EADS itself. EADS controls Airbus, but the British company BAE Systems plans to sell its 20 percent share in the plane maker, and EADS said the restructuring would take place as soon as this transaction was completed. The changes will elevate the standing of Thomas Enders, the German co-chief executive of EADS, while putting a Frenchman, Mr. Streiff, back in control of Airbus after a year in which it was run by a German. While some French officials had called for changes to the "shareholders' pact" that created EADS six years ago, which limits the French government to an advisory role on strategic questions at EADS, the two main shareholders — Lagardère and Daimler — chose to defuse the current crisis by simply replacing Mr. Forgeard and Mr. Humbert. Thierry Breton, the French finance minister, had suggested a greater role for the French government, but German officials publicly stressed the need to maintain the equal roles played by companies and governments in both countries at EADS. Mr. Gallois will be succeeded at SNCF by Anne-Marie Idrac, who currently runs Régie Autonome des Transports Parisiens, or RATP, Paris's bus and subway operator, Bloomberg News reported. http://www.nytimes.com/2006/07/03/business/worldbusiness/03airbus.html?ei=5065&en=6b20cbb6e1d35956&ex=1152590400&adxnnl=1&partner=MYWAY&adxnnlx=1152419984-OzRBihG0IS1o4igkArDqRQ |
| Business › Re: Is Google Going Too Far? by anton(m): 5:37am On Jul 09, 2006 |
I just wan to reinterate that news is what drives the markets. Stocks, foreign exchange, bonds, etc, etc all driven by news, aka fundamentals. Chart readers, like me, learn to take a back seat to news no matter what the technical indicators say. So the more positive news about a company, the more investors want the stock, the higher the price goes. Heavy buying makes prices rise. At the same time, if there is bad news, people toss the stocks over board, and some dummies try to exercise their options before prices fall and then say "no i didn't know the stock price was going to fall so this is not insider trading". whatever, go tell it to martha steward and soon noel forgeard. So yeah, heavy selling makes prices fall. So impressing the journalists and guys like crazy a$$ "BOO YAH!!" kramer is very important. Google could be purposely leaking info way before hand to tenderise the competition. Let's see what new player they pick up from the recent axe fest over at paypal/ebay. Those guys sure got shook. I don't even think google wallet will be ready this christmas, i think they just poppin off at the mouf makin the competition run scared. I think (^_^) |
| Business › Re: Kwara Agricultural Project by anton(op): 1:23am On Jul 09, 2006 |
yeepa:Yeepa, What do you know about the project? Are there any plans for the students at the local uni and polytech to benefit from the experience being imported? |
| Politics › Re: Taliban Showing Up In Somalia ,where Are We Going Again? by anton(m): 1:19am On Jul 09, 2006 |
panafrican:What a blatent lie. Where does it say that they are taliban? Also, what actions are being taken against the shooters? Third, who said it was done in the name of a god? |
| Business › Re: Is Google Going Too Far? by anton(m): 8:17pm On Jul 08, 2006 |
A couple of links to shed further light on google's strategy: Referances to AI http://radar.oreilly.com/archives/2006/06/big_brother_is_listening.html "We are scanning them to be read by an AI." http://www.edge.org/3rd_culture/dyson05/dyson05_index.html New Oregon facility http://www.nytimes.com/2006/06/14/technology/14search.html?ex=1307937600&en=d96a72b3c5f91c47&ei=5090 More about the oregon facility http://dailywireless.org/modules.php?name=News&file=article&sid=5530 A little real estate http://www.redherring.com/Article.aspx?a=15906&hed=Google%e2%80%99s+PayPal+Could+Be+Big Indept analysis of payment service http://www.redherring.com/Article.aspx?a=15906&hed=Google%e2%80%99s+PayPal+Could+Be+Big The bottomline? The folks running google aint stupid. Ambitious? Oh yea. They have the initiative and they are exploiting it. |
| Nairaland General › Re: Should Nairaland Be Broken Into Senior And Junior Chambers? by anton(m): 8:38pm On Jul 07, 2006 |
There are people here who are 36? Yaaayyy!!! Now i don't feel so old, the big 3-0 is four years away,  |
| Nairaland General › Re: Anton: New And Eager To Learn About My Family by anton(op): 6:56pm On Jul 07, 2006 |
Well basically in what ever way you can. Ideas are good. Leaders who can see the vision and basically help me cover all the bases are good, too. I don't know how your student organizations are structured or anything like that. My schedule hasn't permitted me to even incorporate the ideas Ayanfe contributed. I have your email now and as soon as i work out a pdf with all the ideas, the basic premise, and the scope and the goals, i will send it to you and we can discuss it in a chatroom. I may even upload the pdf here. So, that's pretty much it. as soon as i get some time i will reveal some other actions that will bring us closer and move us toward solutions. Bye for now!! NKONIM!!!! |
| Business › Re: Is Google Going Too Far? by anton(m): 6:48pm On Jul 07, 2006 |
We got to remember that acquisitions also come into play here. . . in addition to current profitable divisions. Capitalization may only be a number, but it is one of the numbers that Wall Street takes into major account. WIth capitalization, you buy a profitable company for it's already established cash flow. Look at adobe and macromedia. RJ Renolds and nabisco. Those really aren't good examples but you get the idea (hopefully (^_^). Mark my word. These more mature companies that can't catch a clue are going to find themselves on the chopping block of this new business revolution. The telecom infrastructure guys also need to check they necks too. The guys at google are serious about net neutrality and it would not be good for the old guard if google decided to flex, just a little to show they mean hard ball. One thing i will say about microsoft is that to do understand what it takes to build a franchise: Halo will be huge after it's all over and done with, but their battles against sony in that arena may end up putting more pressure on them no matter how successful the Halo franchise is. |
| Politics › Re: 'Outright Collapse of Nigeria' Predicted by US Experts by anton(m): 4:23am On Jul 07, 2006 |
common knowledge in certain circles already say some members of your "government" are being "handled" by, if not cia, special forces "liaisons". That sob statement by obasanjo talkin about "GAAAWWDD-DUH!!!" is so funny, becasue these are the same guys sucking the money out the country. . . That guy know what the business is. Probably already got his chateau built in sounthern france or scotland, right beside jesse jackson's. Sick. To close on a constructive note, there is no reason why we can't put together our own intelligence organization, panels of experts, etc, etc. The fact of the matter is that when it comes to policy development, most people get real lazy and dismissive real fast. I also hope that you've learned with iraq that once these clowns make a prediction, they go our of their way to make it come true. Kinda the whole purpose of the think tank/intelligence community net work. Iraq. Was. Not. A. Mistake. Tenet made some moves and fell on his sword. Check out: http://www.pbs.org/wgbh/pages/frontline/darkside/ They got they eye on yall sweey crude. . . Know that. |
| Business › Re: Kwara Agricultural Project by anton(op): 3:54am On Jul 07, 2006 |
henryphyol:Henry, Are there any plans that you know of to create some programs so the students in the nearby university and polytech can take adavantage of the Rhodisian's, i mean zimbabwean's, "experience" and knowlge? I am very interested to learn that, |
| Business › Re: Kwara Agricultural Project by anton(op): 3:51am On Jul 07, 2006 |
Deep Soul:(^_^) You are so real. Such a breath of fresh air here. |
| Nairaland General › Re: xyz: Hello Davidylan, This Is Xyz From Nairaland.com by anton(m): 7:48pm On Jul 06, 2006 |
I don't think it's newbs. I think there are robots that are programed to instan message folks who are logged in. they all say the same thing every time. I ignore them ASAP. I thought i was being mean, but now that i see it affects all thes people, im going to be RELENTLESS in my ignoring of them. |
| Webmasters › Cheapest Domain Names: Netfirms? Godaddy? by anton(op): 7:43pm On Jul 06, 2006 |
Greets folks! Nkonim! I would like to get an idea of where everybody gets their domain name from. I personally use netfirms but i always check name availability with go daddy. |
| Nairaland General › Re: Anton: New And Eager To Learn About My Family by anton(op): 6:38pm On Jul 06, 2006 |
carmelily: anton: |
| Business › Re: Is Google Going Too Far? by anton(m): 1:44am On Jul 06, 2006 |
I hear you, but look at the numbers this way, google's war chest is 8 billion but the other guys combined is only 4 times that. . . The soldier in me say those are damn good odds, especially considering that the initiative, in many cases reside with google. They are the younger company, much more accustomied to unconvential ideas, and moving in a manner that the older buearacracies can't match. They have the luxery of looking at other companies history of mistakes and successes and not making those same mistakes. Also, their powermoves will be attracting the best and brightest young students who, in many cases, would have their creativity stifled ina traditional corporate environment. I don't know, google could be the herald of an entire new paradigm that pushes this planet in a new direction. Google deserves our study. I don't think they will go too far. They are pushing the envelop, this is very true, but let's be very realistic here, the way companies and industries have been operating in the past and currently is only a phase and the next phase may be here already. I expect to hear of google taking down several fortune 500 companies before 2010. If Sun's reentrance into the server market is less than stellar, for instance, they could find themselves at the guilitine by becoming the vehicle that google uses to get into that business and pick up the SPARC processor at the same time. I'm not saying that will happen, but who knows, |
| Business › Kwara Agricultural Project by anton(op): 11:30pm On Jul 05, 2006 |
Anybody from the Kwara state? Who knows about the Kwara Agricultural Project? http://www.kwaraproject.com/ http://www.nigeriavillagesquare1.com/News/zimfarmers.htm http://www.vanguardngr.com/articles/2002/politics/p226042004.html It's very ambitous to say the least! |
| Business › Re: I Heard The Rate Of Dollar Is Now Dropping. by anton(m): 11:22pm On Jul 05, 2006 |
diddy4: This is funny in so many ways. . .  beyonce1:I don't know how useful this is, but London is very important to the global foreign exchange markets. It is my hint that they won't ever drop the pound for the euro because of this. . . That british crown abnk is a very crucial animal and i hope to get a chance to fully research it at a later date. Is it possible to use euros or pounds in naija? In my opinion that would be safer than the dollar, short range/tactically. You wont hear it from a lot of folk over here, especially "red blooded americans", but i think we are in for some major "blood letting" in yankee land. . . Haven't looked (studied) at my charts lately, but i did see a major drop in on Friday. (kicking self) Folks that saw it, got paid buku. . . Aint that right diddy4? |
| Politics › Re: Fela Anikulapo Kuti, President? by anton(m): 11:04pm On Jul 05, 2006 |
Can I vote!?!?!? Really, tho, it is very difficult to say. Fela was Pan Africanist and he would have sought allies and forged relationships thru out the Black World, but who can say that he woul have been politically asute enough to deal with the colonial powers? Would he even have allowed the oil to be developed by foreign corporations?  An interesting question, but a great many outstanding things would have had had to happen for his party to even be registered and who knows what kind of fantastic things would have happened form there, One can only say that it was not ment to be because he was in contact with the Orishas but, but, but he did not attain what we are speaking of now, so it really comes down to us from my analysis. And not just for Nigeria, but Global Afrika. What is important, i feel, is that we keep Fela's wisdom close to our hearts, but also listen veryclosely to what people like Afeni have said. Practical ingenuity is good, but you have to know what are the fundamental forces and methodologies that shape and mold modern societies are: political science, economics, sociology, and engineering, to name some of the principles. It may be best that we push ourselves with diligent study, rememberance of who we are, and a constant ear to the streets in order to be the leaders that Fela would want us to be. Infiltrate the institutions, don't let them infiltrate you.  Center of the World, AFRIKA!!! |
| Business › Re: Rich Dad, Poor Dad by anton(m): 2:31pm On Jul 05, 2006 |
also check out the other books in the series. i like this one too: http://www.amazon.com/gp/product/0446694150/103-3659274-9909426?v=glance&n=283155 Another i like about kiyosaki is tha he gives a little bi of pracital insight into the cyclinal nature of the us economy and tells folks to prepare thier move based on thses cycles. He covers alot of basic rules tha new "entreprenuers" may not have thought about before. If you just look at rich dad, poor dad, it only ok. You really have to check out the rest of them too. Just download them or something.  |
| Business To Business › Re: Ox/cow Gall Stones by anton(m): 2:18pm On Jul 05, 2006 |
bulwark:;DSorry, should i have said W T F are you going to go those  bulwark:Neat trick. Care to share? |
| Food › Re: Interesting Information About Mcdonald's Meals by anton(m): 5:58pm On Jul 04, 2006 |
You know, i too think that the fast food is alot safer in nigeria than here in "mechanized factory food land". When you start talking about fried burgers, fried potates, and 1/4 gallon of liquified suger, you basically talkin death in a bag, , but it tastes SOOOOO good, or does it? Does it taste good or just small good? Folks should check out Fast Food Nation by Eric Schossler. There is a research facilty in New Jersay that specializes in making the smells used in fast food. Some critical stuff man. If you don't understand, just think about liquid smoke used for marinades and artificial flaverings, http://www.amazon.com/gp/product/0060938455/104-1918789-5001530?v=glance&n=283155 |
| Food › Re: Its All About Meat, Tell Me Your Taste by anton(m): 5:48pm On Jul 04, 2006 |
oh yeah and ostrich in the form of burgers and i think buffaloe also in the form of burgers! |
| Food › Re: Its All About Meat, Tell Me Your Taste by anton(m): 5:46pm On Jul 04, 2006 |
And please leave Bro Crocodile and Bro Snake alone!!!! |
| Food › Re: Its All About Meat, Tell Me Your Taste by anton(m): 5:45pm On Jul 04, 2006 |
Over here i just got exposed to goat, whic i love, especially fresh! Uh, let's see: Rabbit, ground hog (which is kinda let the bush rat, i think they are kin), i think me elders have sneak me some possum before, deer is very, very good, (i plan to began hunting since i learned how to dress the goat the deer will be the same) no more swine (even thou i grew up on it) cornish hen? uhhh, i think that is it OH YEAH Sushi!!!! which is octopus tuna and shrimp also, squid and i think that is it |
| Food › Re: What Are You Eating/drinking Right Now? by anton(m): 5:36pm On Jul 04, 2006 |
Man! yall got some good eatin up in hiah! Right now we are eating some homemade cinnamin biscuts/skoan things with some seseme seed milk! Yum |
| Food › Re: What Can One Eat To Get White Eyes by anton(m): 5:30pm On Jul 04, 2006 |
I don't know where you are but if you are in amerikkka, blueberries, carrots, and the herb called "eyebright" are very good for the eyes. Driking water is also critical. Choose it over soft drinks unless you are drinking home drinks like sorrel or ginger beer. But even then bleached white sugar is the main poison that attacks the eyes. 1 Like |
| Politics › Re: Conspiracy Theory, Satellite Picture, CIA Involved by anton(m): 5:22pm On Jul 04, 2006 |
I pulled up the cached page of the cia nigeria page from january and it still says that the hausas and fulani and 29%, Please take some time to please explain what you are trying to say again with minimal typos. Please tell us what danger or conspirancy you see, |
