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    Sudden Wealth Curse

    10 months ago: Russian President Vladimir Putin, center, and the Netherland's Prime Minister Jan Peter Balkenende, left, enter a hall for a signing of documents ceremony in the Moscow Kremlin, Tuesday, Nov. 6, 2007, with Dutch gas company Nederlandse Gasunie NV President Marcel Kramer, right, in the background. Russian and Dutch officials signed an agreement Tuesday to include Dutch gas giant Nederlandse Gasunie NV in the Baltic Sea pipeline designed to bypass several European countries and ship Russian gas directly to Germany. 

    Who says America isn't a great nation?!

    From AP...

    Exxon Mobil Corp. posted record profits for any U.S. company on Monday ? $10.71 billion for the fourth quarter and $36.13 billion for the year ? as the world's biggest publicly traded oil company benefited from high oil and

    natural-gas prices and solid demand for refined products.



     :++  State-corporate crime


    Changing Fortunes | Nitin Nohria, Davis Dyer, and Frederick Dalzell | Book Review | Book Summary
    Vol. 19, Issue 20

    Changing Fortunes

    Remaking the Industrial Corporation
    By: Nitin Nohria, Davis Dyer, and Frederick Dalzell
    343 pp.
    John Wiley & Sons 2002
    Review by: Lydia Morris Brown

    It is the authors premise that though the big industrial corporations are still vital to the economy, they do not now, nor will they in the future, dominate center stage as they once did during the early 1900s. Moreover, the forces that drove the big industrials from their position of dominance are the same forces that are driving significant changes inside these enterprises. Changing Fortunes describes and analyzes the decline of the industrial corporation and its attendant internal transformations during the late industrial and early postindustrial eras and outlines the strategies and initiatives that appear to have the most potential to ensure the survival of individual companies in an environment of fewer opportunities and choices. This work, based on statistical information about enterprises in the Fortune 100 in 1974, tracked through 2000, and a series of case studies, is offered to provide a useful perspective on the challenges faced by leaders of large industrial firms. Its lessons in the dynamics of decline also offer valuable insights to leaders of service businesses and emerging industries, who can expect to experience the very same challenges in the future.

    The industrial body





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