In answer to the question my colleague Nikki Sein posed, “Can things get worse for the cruise ship industry?” If Costa Cruises’ most recent debacle is any indication, the answer [...]
When Marathon Oil‘s chairman and CEO, Clarence Cazalot, retires at year’s end, the company will be moving Exxon Mobil veteran Lee Tillman into his executive slot. Cazalot has been in charge at Marathon since 2002, while Tillman has served as VP of engineering at Exxon for three years and worked there since 1989. A director, Dennis Reilley, will become Marathon’s chairman.
June 19, 2013
Privately held Chinese firm Dalian Wanda Group, the company of billionaire chairman Wang Jianlin, is acquiring British yacht maker Sunseeker International. Dalian Wanda is paying £320 million (some $500 million) for a 91.8 percent stake in the company, hoping to capitalize on China’s position as one of the world’s fastest-growing luxury yacht markets. Sunseeker had previously sold Wang the Wanda 2, a customized version of the yacht featured in the 2006 James Bond film Casino Royale; Sunseeker called the Wanda 2 the “biggest, most expensive and most luxurious private yacht in the history of yachting in China.” Last year Dalian Wanda bought American cinema chain AMC Entertainment for $2.6 billion.
June 17, 2013
Those in the legal profession are carefully watching a trend of declining law school applicants. In 2013, law school applications fell by more than 13 percent, marking the third year in a row that numbers dropped, according to the Law School Admission Council. Factors involved in declining interest in the field include lower salaries for first-year associates, layoffs in firms as a result of the financial crisis, and an oversupply of lawyers currently in the field. If the trend continues, law firms will be competing for fewer top graduates. Read more trends in our Legal Services profile.
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