Citi Group has recently appointed ex Time-Warner CEO Richard Parsons as its new chairman. Parsons is a known “corporate undertaker”. He gets invited into boards to oversee slow deaths in the corporate world. His talent lies not in turning around the fortunes of a business but in overseeing and — whenever possible — prolonging its [...]
IT and electronics industries in a binary of fuzzy fate
January 25, 2009 By 16 Comments
The future couldn’t be bleaker. In the heels of Texas Instrument’s laying off of 400 workers in its Baguio facility, Intel announced the end of its 35-year old operations in the Philippines, laying off 1,800 workers. More dark clouds loomed after Labor Secretary Marianito Roque projected that there will be around 60,000 job losses in [...]
Responding to Obama’s policy threats to the outsourcing industry
November 7, 2008 By 21 Comments
With Barack Obama’s impending ascent to being the 44th President of the Unites States of America, a dark cloud looms and threatens to blot out the “sunshine” industry the Philippines has been exploiting over the past decade. In his website launched as a primer on his policies as President-elect, aptly named Change.Gov, Obama has outlined [...]
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