vol. XX no. 2 Page 1 2 3 Return on Green Passion, practicality, and credibility help Debby Cannon in her crusade to “green” the hospitality industry. Cannon, the director of the Cecil B. Day School of Hospitality and the subject of a recent profile in Atlanta Woman magazine, advocates for environmental practices by presenting the business case to restaurant, hotel, and travel companies. “It’s not about riding a wave,” says Cannon, who notes that companies “have to answer to stockholders and their boards. You have to show them a return on investment.” Takeover Target? The rebound of bank stocks after Wachovia Corp. released its second-quarter report posting $8.9 billion in losses, a double- digit decline in revenue, and pennies in dividends, “surprised” James Owers, a professor in the Department of Finance. In the Toronto Globe and Mail Owers said that, “The sense is that [Wachovia] could be a target for a takeover, which is a rather curious sense of logic. You have a very bad quarter and your price goes up because you become an attractive target.” When Is Enough, Enough? Rajeev Dhawan, director of the Economic Forecasting Center, commented on what drives consumers’ oil consumption behavior in a recent issue of BusinessWeek. “After Katrina, gas got close to $3, and then prices moderated,” he said, indicating that it took prices to barrel over the $4 mark with no expected relief for consumers to use less oil. Continued on next page Previous Page | Top | Next Page

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