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"Panasonic tells how a typical Japanese multinational learned to restructure itself according to this flexible "American" approach while preserving some essential Japanese attributes. Panasonic is the main brand name for Matsushita Electric Industrial Company; author Francis McInerney consulted for Matsushita's American subsidiary in the late 1990s—when the firm's troubles became most apparent."
Telecom: What Hath the FCC Wrought? Here's how a confusing compromise could affect the industry's future
BusinessWeek.com, March 10, 2003
By Steve Rosenbush in New York, with Roger O. Crockett in Chicago and Charles Haddad in Atlanta
The Bells will get squeezed
...It wouldn't take much to wipe out all their profits. In fact, a 6% revenue decrease could swallow all the Bells' earnings, warns analyst Francis McInerney of investment company North River Ventures LLC.
To avoid a meltdown, the Bells will probably have to undertake massive job reductions, just as long-distance providers did.
