Agencies of the U.S. Department of Defense and allied military services use the company's battery-powered, hand-launched unmanned aircraft systems to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance and communication.
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Still, he has laid out plans to revert Citi back to the "silo" model, which calls for the bank's operating units to run more autonomously while supporting functions, like legal and IT, become more centralized.
Perhaps the brokerage arms should have been allowed to remain operating as totally independent units from the start.
"A number of prospective purchasers have already shown their interest in acquiring the individual Castlebeck operating units, which will continue to operate and trade normally whilst such sales are progressed, and new owners for the operating units emerge, " Mr Smith added.
Rowe Price, points out, there do seem to be real synergies within the operating units.
Apple and Google, the latter riding on a Samsung partnership, continue to play an escalating game of units versus revenues to determine which is the top dog in mobile operating systems.
Worse still, why should participants pay an annual operating expense of 42 basis points to buy units in the Marriott International Stock Fund?
Land will often be provided by state governments at concessionary rates, and both developers and operating units can receive tax breaks for up to 15 years, provided they are export-oriented.
An industrial conglomerate that gives its many operating units management autonomy, Illinois Tool would seem to fit the Buffett management model.
There are many units operating with dangerously low levels of staff, and trainee doctors being left to manage wards because there are just not enough senior consultants.
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