Article Abstract:
The chief financial officer was the star executive in Corporate America in the 1980s, but was replaced by the chief information officer in the 1990s with the advent of information technology. The chief risk officer (CROs) appears to be the star of the corporate world in the 2000s decade. Internet-based eRisk.com founder James Lam, who claims to have coined the term CRO, believes that more than 100 CROs have emerged worldwide since 1995 or 1996, and their number will grow to more than 1,000 by 2002. CROs are tasked with evaluating all corporate units to anticipate risk and select the risks worth taking.
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Article Abstract:
Traditional business schools are now being threatened by distance learning and in-house corporate training. Deans of business schools say they realize the threat and that they are reacting to the challenges posed by the alternatives to their service. A significant factor to consider is that the costs of studying in business schools are much greater than corporate training especially when considering lost wages while studying.
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Article Abstract:
'Old-economy' firms have lost billions of dollars by investing in start-up Internet companies. The latest to suffer huge losses is Starbucks Corp, which on Aug 16, 2000 wrote off $20.6 million investment in Living.com. Living.com, an online furniture dealer, has laid off 275 employees and plans to file for Chapter 7 bankruptcy. Other companies that experienced similar fate as Starbucks include Nordstrom Inc, Chase Capital Partners, Heidrick and Struggles Inc, National Broadcasting Company Inc, and Viacom Inc.
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