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Biz bits
By wire services
Published March 20, 2005
BABY BOOMERS ARE POISED to enjoy the longest and healthiest retirement of any generation, Smart Money says. But how to spend that time? The magazine looks at the three pillars of retirement of the future - work, leisure and volunteerism - and offers investment and savings strategies to help boomers retire happy.
WHEN WESTERN COMPANIES began outsourcing manufacturing in the 1980s and '90s, they pledged all the important research and development would remain in-house. No more. Now big companies like Dell, Motorola and Philips are buying complete designs of some digital devices from Asian developers to cut costs and get products to market faster, BusinessWeek reports. Are the companies going too far? The magazine explores the issue in a special report.
PEOPLE LOOK TO FABLED 74-year-old investor Warren Buffett for advice, but where did Buffett get his? "I had two mentors," Buffett tells Fortune, "my dad, Howard Buffett, and (Wall Street guru) Ben Graham." Buffett said that "over the years (both) gave me tons of good advice."
FORTUNE ASKED 28 CEOs and other famous people, including Warren Buffett, for "the best advice I ever got." Meg Whitman, CEO and president of eBay, responded: "Be nice, do your best and, most important, keep it in perspective." From Sallie Krawcheck, CFO of Citigroup: "Don't listen to the naysayers." And from Brian Roberts, CEO of Comcast: "Let others take the credit."
BUSINESS IS GROWING for biometrics, the science that includes face scanning, voice recognition, iris optical scanners, and hand and fingerprint readers. Red Herring cites research that forecasts a biometric market of $2-billion in 2005 and more than $4.6-billion by 2008. A4Vision developed a face scanner that captures images, stores them in a computer and re-creates a face map. As A4Vision CEO Grant Evans puts it: "You can lose your identity card, but it's pretty hard to lose your face."
NEW RESEARCH is debunking the conventional wisdom that working insane hours is always bad for your health. Fast Company says some people thrive on "extreme jobs": Eighty-hour workweeks. Relentless travel. Unpredictable schedules. High risk, high stress. "For most, this life would be overwhelming, but for a small cadre of alpha personalities, it offers the exhilaration of pushing mind and body to the absolute limit," the magazine says.
Compiled from Times wires and Web sites.
[Last modified March 20, 2005, 01:06:08]
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