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The operating results excluded a $238 million loss from the discontinued high-speed Internet connection business Prism Communication Services.
Despite its enviable market position, and much to the company's dismay, the Swiss cabinet announced in April a plan to throw open Swisscom's lucrative connection business to competition.
The investment company, which lost 89 billion yen last year, is trying to expand in the high-speed Internet connection business.
Whatever the explicit purposes behind letter writing may have been educational improvement, family connection, business enterprise the effect was to render the full terms of social division invisible both to those who accumulated power and to those who did not.
But none of that seemed to bother Mr. Pittelli, one of six pedestrian traffic managers hired by the Hudson Square Connection Business Improvement District to ease the backed-up traffic near the Holland Tunnel between 4 p.m. and 7 p.m. "You need to have a good temperament," he said, over the blare of music from car radios and the high-pitched taxi whistles of the Trump SoHo doormen.
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Part of the problem is that the company is still saddled with a dial-up internet-connection business that is shrinking rapidly as users switch to faster services.
The government has yet to decide whether it will open the last-mile-connection business by changing the law or revising the telecommunications regulations.
Even without political connections, business families can exercise an unhealthy influence over the wider economy.
Now That Global Crossing Has Failed, Winnick's Political Connections, Business Practices And Flamboyant Lifestyle Have Come Under Greater Scrutiny.
In the end, the very things that make people likely to join a board — connections, business experience, sociability — are also the things that make them less effective once they do.
Our first-ever power ranking weighs political connections, business scope, media coverage, philanthropy and net worth.
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CEO of Professional Science Editing for Scientists @ prosciediting.com