Marketplace PM for May 16, 2005

Episode Description 

Khodorkovsky guilty

Once upon a time, Mikhail Khodorkovsky was Russia's wealthiest entrepreneur. Now the oil tycoon could face up to ten years in jail after being found guilty of fraud today. Khodorkovsky was the poster boy for Russia's "oligarchs"--businesspeople who made millions by snapping up former state-run companies on the cheap. Reporter Simon Marks looks at the impact today's conviction could have on Russia's business climate:
Posted In: Canada

Inventors Hall of Fame

What do Valium, the steam locomotive, and frozen food all have in common? Answer--their inventors were inducted into the National Inventors Hall of Fame in Akron, Ohio this past weekend. The Hall of Fame was created more than 30 years ago. It's the brainchild of the U-S Patent & Trademark Office and the National Council of Intellectual Property Law Association. Fred Allen is head of the Hall of Fame's selection committee. We asked him what it takes to make the grade and get inducted:

The Loh Down: Clueless managers

Today Limited Brands--the folks that own stores like Victoria's Secret and Express--said its profits plummeted 76 percent. The company admits its recent marketing campaign targeting older and more sophisticated shoppers backfired. None of this comes as a surprise says Marketplace commentator Sandra Tsing Loh. In this edition of the Loh Down, she says marketers need to get a clue:

Think Global: Bio-prospecting

You're gonna hear a lot about the G-word this week, thanks to a public radio series called "Think Global"--looking at globalization and its effects. Here at Marketplace, we're focusing on one particular trend--how America tries to export its way of doing business. Many U-S firms want international companies to follow their lead, in everything from corporate ethics to office culture. But the transfer of ideas isn't always easy, even where there's lots of money at stake. For example--an ambitious effort by U-S biotech companies in Mexico didn't take into account how people there think about medicine--and money. Reporter Mary Stucky explains:
Posted In: Canada