2008.01.01: January 1, 2008: Headlines: Figures: COS - Peru: Business: International Herald Tribune: When Fred Poses became chief of American Standard Companies in 2000, he inherited a company that had steadily branched out from bath and kitchen fixtures into such disparate areas as air-conditioning and braking systems for vehicles
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2008.01.01: January 1, 2008: Headlines: Figures: COS - Peru: Business: International Herald Tribune: When Fred Poses became chief of American Standard Companies in 2000, he inherited a company that had steadily branched out from bath and kitchen fixtures into such disparate areas as air-conditioning and braking systems for vehicles
When Fred Poses became chief of American Standard Companies in 2000, he inherited a company that had steadily branched out from bath and kitchen fixtures into such disparate areas as air-conditioning and braking systems for vehicles
American Standard "had three good businesses that didn't have commonality of customers, of the way they went to market, of materials or manufacturing processes or technology," Poses said. "We realized there just wasn't a lot of value in keeping them together." Businessman Fred Poses, the President of American Standard Co., served as a Peace Corps Volunteer in Peru in the 1960's.
When Fred Poses became chief of American Standard Companies in 2000, he inherited a company that had steadily branched out from bath and kitchen fixtures into such disparate areas as air-conditioning and braking systems for vehicles
In 2007, some U.S. business giants went smaller
By Claudia H. Deutsch
Published: January 1, 2008
Bigger is better, right?
Not so fast. Corporate America appears to have had second thoughts in 2007.
[Excerpt]
When Fred Poses became chief of American Standard Companies in 2000, he inherited a company that had steadily branched out from bath and kitchen fixtures into such disparate areas as air-conditioning and braking systems for vehicles. Last year, he sold the legacy business, spun off the Wabco braking unit, and changed the company's name to Trane, its signature air-conditioning brand. And just last month, he sold Trane to Ingersoll-Rand, which had itself pared down in recent months.
American Standard "had three good businesses that didn't have commonality of customers, of the way they went to market, of materials or manufacturing processes or technology," Poses said. "We realized there just wasn't a lot of value in keeping them together."
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Headlines: January, 2008; RPCV Fred Poses (Peru); Figures; Peace Corps Peru; Directory of Peru RPCVs; Messages and Announcements for Peru RPCVs; Business
When this story was posted in January 2008, this was on the front page of PCOL:
Peace Corps Online The Independent News Forum serving Returned Peace Corps Volunteers
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Story Source: International Herald Tribune
This story has been posted in the following forums: : Headlines; Figures; COS - Peru; Business
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