'Take'에 해당되는 글 7건

  1. 2009.03.08 U.K. Government Takes 65% Lloyds Stake by CEOinIRVINE
  2. 2008.12.14 In Hollywood, It Still Pays To Be A Man by CEOinIRVINE
  3. 2008.12.09 In a recession, even the Super Bowl takes a hit by CEOinIRVINE
  4. 2008.11.25 Wizards Fire Head Coach Eddie Jordan by CEOinIRVINE
  5. 2008.11.22 175 pounds lighter, woman takes flight by CEOinIRVINE
  6. 2008.11.13 EA Takes On 'Wii Fit' by CEOinIRVINE
  7. 2008.11.09 Event Planning Takes a Hit Amid Bleak 2009 Outlook by CEOinIRVINE

Lloyds Banking Group has become the latest U.K. bank to fall under government control since the run on Northern Rock in September 2007.

The U.K.'s third-largest bank confirmed Saturday that the government is raising its stake to at least 65%, and possibly as high as 77%, in return for insuring $367 billion dollars in toxic assets. The bank has also promised to increase its lending, primarily to businesses, by $39 billion over the next two years.



The increased stake will come about by the government converting its $5.7 billion of preference shares paying 12% into new ordinary shares.

"Participating in the government's Asset Protection Scheme substantially reduces the risk profile of the group's balance sheet," said Chief Executive Eric Daniels in a statement. "Our significantly enhanced capital position will ensure that the group can weather the severest of economic downturns and emerge strongly when the economy recovers."

Lloyds (nyse: LYG - news - people ) will bear up to the first $35 billion of any losses and will pay a fee of $21 billion to $23 billion to the government to participate in the scheme. Discussions to bring Lloyds into the arrangement have been underway for several days (see "Lloyds May Land In Her Majesty's Lap").

The bank says the toxic assets covered by the governments insurance are expected to include residential mortgages ($105 billion), unsecured personal loans ($26 billion), corporate and commercial loans, including commercial real estate and leveraged finance loans ($214 billion) and treasury assets, including the group's Alt-A portfolio ($24 billion).

Eighty percent of the assets come from HBOS, which Lloyds agreed to buy in a government-brokered deal in September 2008. HBOS reported $14 billion of loan losses last year, up fivefold from 2007 (see "Lloyds Lands HBOS Bombshell").

Lloyds' share price fell 31% in London trading in the past week on rising concerns about the bank's ability to absorb the losses at HBOS.

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What will it take for A-list actresses to earn as much as actors?

The ninth-highest grossing movie of the year so far--with $153 million in U.S. box office sales--is Sex and the City, a film that features four leading women and a cursory supporting role for Mr. Big. The 11th highest grossing film is Mamma Mia, another estrogen fest, which has earned $144 million.

So with female-centric movies performing so well at the box office (between them, the two films have earned $980 million worldwide), why are women still earning so much less than their male counterparts?

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Only two women make the list of the top 10 earning actors in Hollywood between June 2007 and June 2008. Cameron Diaz comes in fifth with $50 million for her work in solid romantic comedies like What Happens in Vegas and The Holiday. She also earned big for her voice work in the Shrek films as the far-from-helpless Princess Fiona.

But she earned a full $30 million less than Hollywood's highest earner, Will Smith, who cashes mega paychecks for films like the post-apocalyptic I Am Legend. In the same time period, Smith earned $80 million.

While women earn less than men in all fields, the difference is particularly egregious in Hollywood because of a long-standing belief that female stars are bad for box office, according to Professor Martha Lauzen of the Center for the Study of Women in Television and Film at San Diego State University.

Some of the reasons for that belief are based in reality. A study by Lauzen showed that of the top 100 worldwide grossing films of 2007, those that starred men earned an average $101 million at the box office versus an average $54.5 million for female-starring pictures. In addition, the female-focused movies opened on fewer screens and tended to move out of theaters more quickly.

Which would seem to lend credence to the Hollywood practice of underpaying women. If their movies consistently earn less--why pay them more?

But Lauzen found that the difference in box office performance had more to do with the size of the budget than the sex of the lead movie star. When the size of the budget was held constant, films with female stars earned about the same as films with male stars.

Big action movies, like Smith's I Am Legend, typically have bigger budgets and therefore tend to earn more at the box office and star men. Female-staring movies tend to have smaller budgets.


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When the Super Bowl festivities roll into Tampa late next month, the party blitz and corporate spending that surround the big day may take a hit because of the economic crisis.

Sponsors have been slower to commit. Companies are scaling back plans, carefully watching expenses, bringing fewer guests and pushing back travel bookings. The private party circuit will be missing a few staple destinations, including the annual Sports Illustrated fete.

"The decision making process is just a little slower," Reid Sigmon, executive director of the host committee, said of the efforts to attract sponsors. The committee has reached about 80 percent of its sponsorship goal - a level it has been stuck at since October.

"A lot of companies are kicking the tire, so to speak," he said.

Even so, the Feb. 1 game will sell out. And, to be sure, there will still be plenty of star-studded events: Maxim, ESPN The Magazine, and Penthouse all said they have parties in the works. The Lingerie Bowl, a televised alternative halftime event featuring semi-dressed models, will hold three games and a red-carpet affair. Beer giant Anheuser-Busch (nyse: BUD - news - people ) is sponsoring concerts and other events.

And there will be a bevy of official NFL activities, including the weeklong NFL Experience, which features interactive games and autograph sessions.

The host committee is hoping for 100,000 visitors, the same as in 2001 when Tampa last had the game, but NFL spokesman Brian McCarthy said the number may drop.



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Jordan Fired, Tapscott to Take Over (Updated)

The Wizards have relieved Coach Eddie Jordan of his duties. Jordan was informed of the decision this morning around 8 a.m. shortly after he and his wife, Charrisse, handed out Thanksgiving turkeys to the needy at a team-sponsored charitable event. Associate Head Coach Mike O'Koren was also let go.

Ed Tapscott, who had carried the title of Director of Player Development but traveled with the team and essentially served as an extra assistant coach, takes over on an interim basis. The team is practicing right now.

The Wizards are off to a 1-10 start and hit rock bottom with Saturday night's 122-117 loss to a short-handed Knicks squad that was without its two leading scorers and used seven players. The Wizards rank near the bottom of the league in several statistical categories and have only one player (Antawn Jamison) who is performing anything close to a high level.

How much of the poor start can be attributed to Jordan is highly debatable. Injuries to Gilbert Arenas and Brendan Haywood left him without his best player and best center. Veteran guard Antonio Daniels has been limited to six games due to a right knee injury and the rest of the team's veterans -- players like Darius Songaila, Etan Thomas and Andray Blatche -- have performed at a subpar level.


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PHOENIX, Arizona (CNN) -- Two years ago, Karen Daniel was wider around than she was tall.

Karen Daniel

"It's a lot harder to be fat than it is to work so hard at being fit," says Karen Daniel who has lost 175 pounds.

Weighing 375 pounds, the 45-year-old wife and mother had high blood pressure; her knees hurt and she was always hot. She felt fatigued and could barely breathe at the slightest exertion. Even the simplest things became a chore -- tying her shoes, crossing her legs, getting in and out of the car or trying to fit into a chair with arms.

"I wasn't living ... I was just existing," recalled Daniel.

She hadn't always struggled with her weight. Daniel said she started gaining weight at age 18 after moving out of her parents' home to live on her own. By the time she married her husband, Paul, at age 22, she weighed 225 pounds.

"Whenever something happened, I used food," said Daniel. "It was like my drug of choice was food. I never did drugs or alcohol. I was addicted to food."

Seven months after her wedding and another 50 pounds later, Daniel became pregnant with her first child. Instead of gaining weight during the pregnancy, she lost 75 pounds after a doctor warned her not to use it as an excuse to eat. But after her daughter Sarah was born, Daniel gained back all the weight she'd lost and then some.

Ten years later, she weighed 300 pounds and became pregnant with their second child, McKenna. Again, she lost weight during the pregnancy, but with the stress of having another child and running her own business, she turned to food. By the time her youngest daughter was 10 years old, Daniel weighed 375 pounds.

"I ate all the time. ... I was stuffing my emotions, I was eating my emotions," said Daniel. "When I would finally get [McKenna] to bed at night, I would stay up late and that was my time alone. I tried to de-stress and wind down and I'd watch TV and eat. It was mindless eating."

Mentally, something started to click and Daniel began to wonder how and why she had allowed her weight to spiral out of control. She said there was no "lightbulb" moment or wake-up call that made her realize she'd had enough. For her, there was a series of events that helped her finally realize she was tired of being morbidly obese. Video Watch Karen Daniel take flight to achieve a lifelong dream »

"I couldn't bend over to tie my shoes, get down on the ground or fit into chairs. Everything was hard," said Daniel. "You're constantly worried about fitting in the toilet or shower or visiting someone's house and [worrying] about breaking a chair. It affects every minute of your life and you don't realize it."

As fate would have it, she saw a TV commercial for exercise equipment that was being sold at a local gym. It was geared toward senior citizens, but Daniel saw it as a start. When she showed up to buy it, she met the gym's owner, Bill Crawford.

"He gave me some of his literature and told me if I needed anything or a jump-start to give him a call," said Daniel.

When Daniel got home, she told her sister, Jan, she was thinking about hiring Crawford as her personal trainer, but she was hesitant. Her sister asked if she would have to think twice about hiring a trainer if it were for her husband or daughters.

"She made me realize I was worth it as much as they were," said Daniel, whose fear of failure kept her from telling people outside her family about her plans to work out.

On September 15, 2006, Daniel showed up for her first training session. She was wearing a dress over her workout clothes because she refused to be seen in size 40W pants.

"When Karen first walked in the door, she weighed 375 pounds and she could barely make it from the car to the front door," recalled Crawford, founder of Basic Training in Phoenix, Arizona. "I knew that just making it to the front door of a fitness center was a big deal."

Before her first workout, Crawford took her measurements, but the tape measure wasn't long enough to fit around her hips. He needed seven more inches.

"I was 67 inches around on my butt and 65 inches tall. So I was two inches bigger around than I was tall," said Daniel, who had a body fat percentage of 54.60 percent. "I also couldn't fit on his scale or in some of his machines when I started."

Crawford and Daniel improvised and she made it through her first hourlong workout. She continued to train for one hour, three times a week and said even though she "hated every minute of it" she pushed herself.


"It was extremely hard, I'm not gonna lie," said Daniel. "I couldn't count down the minutes fast enough. It was something I did not enjoy -- I was so out of breath. I was sweaty, hot. But as soon as I stepped out that door, it was so worth it to me because I felt so much better about what I had accomplished. I knew I made it through one more workout. I knew it was getting me closer to where I wanted to be."

In addition to the one-on-one training sessions, Daniel modified her diet, eating more proteins and complex carbohydrates. She also eliminated bread and pasta and reduced her intake of sugar, salt and processed foods. If she craved something sweet, she ate a piece of fruit. She cooked with olive oil instead of butter.

Just short of her one-year anniversary, she had lost 102 pounds. Her daughters gave her a Tiffany bracelet and her sister, Jan, treated her to her first pedicure. Crawford, her trainer, celebrated her success with a reminder.

"I had her take two 50-pound dumbbells and walk out to the street and walk back," recalled Crawford. "When she got back she was exhausted and that's the kind of weight people have to carry when they're overweight like that."

On her one-year anniversary, Daniel had lost 114 pounds. By her two-year anniversary on September 15, 2008, she had lost 170 pounds. Now weighing around 200 pounds, she has gone from wearing a women's size 30 dress to a size 14 and she's gone from wearing a double-wide shoe to a medium width.

Since losing the weight, Daniel has celebrated many milestones she never would have achieved weighing nearly 400 pounds, such as attending sporting events with her family, white-water rafting, kayaking, flying on an airplane without buying two tickets or using a seatbelt extender or simply being able to look down and see her feet. She recently achieved one of her lifelong dreams: riding in a hot air balloon over the Arizona desert.

Today, she works out nine times a week -- doing cardio and weight training twice a day with Crawford on Monday, Wednesday and Friday. Then she does a mix of cardio and weight-resistance classes on Tuesday, Thursday and Saturday.

Even though she now enjoys working out, staying on track is a constant struggle. Daniel said losing weight has been the hardest thing she's ever done.

"Every minute of my life was about my weight. What I couldn't do. Things I couldn't accomplish," said Daniel, who admitted it was hard to get started. "It's a lot harder to be fat than it is to work so hard at being fit. Fit feels so good."

What's next for Daniel?




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EA Takes On 'Wii Fit'

Business 2008. 11. 13. 17:03

March.

The mention of EA Sports--the division of Electronic Arts responsible for the powerful "Madden" franchise--immediately conjures visions of games too daunting and inaccessible to the casual sports fan. That is an image EA Sports President Peter Moore is actively trying to resculpt.

Since he joined the Redwood City, Calif., game titan in late 2007, Moore has introduced EA's All-Play--a line-up of sports titles built specifically for the Wii that takes advantage of the console's waggle controls and takes into account the various skill levels of Wii players. Now Moore is "taking a departure from the core business" by unveiling EA Sports Active, a new fitness brand debuting in March that will face off against "Wii Fit."

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The difference, says Moore, is that "Active" will actually make you sweat, and it can monitor your actual movements and reflect them accurately on screen.

In an interview with Forbes.com, Moore discusses why fitness games need to do a better job of simulating exercise, and how EA Sports is remaking itself to address the Wii consumer.

Why the sudden focus on games as teaching tools and lifestyle applications?

Peter Moore, president of EA Sports: We are capitalizing on a unique time of convergence where hardware innovations (Wii) have introduced gaming to a wide range of "non-traditional" audiences.

Who are you building "Active" for?

If there is a targeted sweet spot, it is a woman in her mid-30s with two young children that was active--wishes she was more active--and is pressed for time. That is who we'll market to because we think that's a viable market. I worked at Reebok during the '90s when we were developing in-home fitness--the Reebok Step and the Reebok Slide--and I'm very aware of the challenges that people who are typically housebound or pressed for time but still want to do fitness.

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http://images.businessweek.com/story/08/370/1106_mz_party.jpg

Koren Shadmi

In early November, Deloitte's tax and consulting partners were due to meet at the Walt Disney World Swan & Dolphin Resort in Orlando, followed by a Deloitte retiree gathering. But Deloitte decided to cancel both events in mid-September and host Web conferences instead. "We just don't want to be holding a big event in the bad economy," says Deloitte director Margaret Moynihan.

With corporate spending under intense scrutiny, managers are cutting back on gatherings and axing everything from hors d'oeuvres to high-priced speakers at those that remain. Even some incentive trips to reward top performers are getting dropped: Wachovia (WB) canceled a Greek cruise for 75 financial advisers and their spouses in October. (Wachovia and Deloitte say the moves were to keep advisers close to clients amid the turmoil.) Executives are conscious of the bleak outlook for 2009, not to mention public outrage over American International Group's (AIG) luxury retreats after a massive government bailout. AIG has since cut 160 conferences and other events costing a total of more than $8 million. "Some companies are holding firm. Most are not," says Gary Seltzer, a founding partner of New York event production company Concentric Communications.

While the squeeze is prompting anxiety in the more than $120 billion-a-year U.S. meetings industry—trade group Meeting Professionals International issued a "call to action" entitled "Saving the Economy Through Meetings"—it's also spurring companies to seek creative ways to cut costs without calling off scheduled events outright. Many have little choice, because they would face up to hundreds of thousands in cancellation fees. "The big shakeout on this will probably be in this coming calendar year," says Maritz Travel Vice-President Chris Gaia. That said, companies still need to reward top performers, bring global teams together, and network with customers. As Symantec's (SYMC) worldwide operations vice-president, John B. Sorci Jr., argues: "You lose something when you don't have those face to face meetings."

Shorter Guest Lists

There are ways to hold events in a tough climate. Home Depot (HD) and Symantec are centralizing event planning and oversight to secure better deals. "Very few CFOs can say how much they're spending on meetings," says Hervé Sedky, general manager of global advisory services and meeting solutions for American Express (AXP). Others are holding smaller regional events within driving distance for attendees instead of one single national confab. That saves airfare and invites less scrutiny than one splashy event. Many are shortening trips, too. In August, Tennessee-based retail chain Tractor Supply (TSCO) saved $500,000 by trimming a day off its managers' meeting and limiting invites to store and district managers, leaving assistant-level supervisors off the list.

Off-site events such as board meetings and product launches are moving onto company property. Five years ago, when Ford Motor (F) last introduced a redesigned truck, around 300 journalists converged at a private ranch in Texas to see it, leaving Ford with a tab of more than $2 million. When the automaker launched its F-Series pickup this October, it spent well under $1 million by hosting the event in Detroit and putting guests in a suburban hotel. Chief Marketing Executive James Farley makes no apologies: "This is a belt-tightening period, for sure."

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