Hummingbird’s Information Management Survey of 1,385 business executives revealed that 29% of departing directors have admitted to stealing corporate information when they left a company. The survey, conducted by polling company YouGov on behalf of Hummingbird, also found that 24% of the thefts involved using memory sticks or MP3 players to move data and 18%… Read More: Another mindboggling statistics »
One of the many business trends in the 1990s was “three nines“, i.e. businesses should strive for 99.9% accuracy, 99.9% customer satisfaction, 99.9% quality, etc. But is 99.9% good enough? If so… 268,500 defective tires will be shipped each year. 132,412,800 cans of soft drinks produced in the next 12 months will be flatter than… Read More: Is 99.9% good enough? »
Amid concerns about the security risks posed by travellers who bring their laptops into aircrafts, Dell has struck a further blow to the product’s safety credentials by issuing a recall of 4.1 million Lithium-ion laptop batteries after a series of public reports of its laptops catching fire. According to The Economist, such batteries have been… Read More: The Dell from Hell »
An employee at Coca-Cola and two accomplices were arrested for trying to pass trade secrets, including a sample of a new drink, to arch-rival PepsiCo (which tipped Coca-Cola off about the theft).
It’s a pity that while some companies like Otto Group realise the beauty of not going public, other companies like Lego, which is privately held and still majority-controlled by its founder’s heirs, decide to follow the money trail with greater fervour than ever. As reported in “Rebuilding Lego” (FORTUNE, June 12, 2006), Lego’s new CEO… Read More: Can’t Lego of money »
I read in “Otto The Modest” (BusinessWeek, June 5, 2006) that Michael Otto, CEO of German retailer Otto Group, ‘refuses to take his company public partly because he thinks the market encourages shortsighted management.“We don’t have to come up with a good story every quarter for the investors and the press,” Otto said in an… Read More: Don’t go public »