WMU’s new president talks about his family, football and why he came to Kalamazoo Under Clinton, Montgomery served as chief economist, then counselor and assistant secretary for the Department of Labor before being named deputy secretary of labor, where he oversaw operations of a $33-billion department. During Obama’s administration, he was a member of the president’s auto task force and led the inter-agency White House Council for Auto Communities and Workers, in a position the media dubbed “the Auto Czar.” During a more than 35-year academic career, Montgomery has held faculty positions at Carnegie Mellon and Michigan State universities and the University of Maryland. He has been at Georgetown since 2010. Montgomery will start at WMU on Aug. 1. Dunn, who had planned to retire June 30, will stay on the job through the end of July. Dunn said Montgomery is clearly an academician with an impressive curriculum vitae, or resume, both through his education at Pennsylvania State University and two advance degrees from Harvard University,and also thathe’s used it wisely inpublic policy under the administrations of two U.S. presidents. Being a dean at two outstanding universities was another positive, Dunn said. “He’s a really great connection and find for us,” Dunn said, agreeing with Montgomery that WMU is student-centric and that his background will help the college’s financial stability. “He’s a good listener and we need good listeners,” Dunn said, and he believes Montgomery will take action after gathering information about issues. The president-electhas a lot of energy, WMUs current president said, and his personality is a good fit for the university. “You want whoever follows you to be even better academically, because that’s what you want for the institution,”Dunn said. “Don’t take Western Michigan University lightly,” he said.
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The analyst also said he estimates revenues of $2.76 billion and EBIT of $217.4 million. The potential earnings shortfall, according to Miller, is due to substantially higher marketing spend the management is estimating to support an array of original series set to hit the platform in the current quarter, highlighted by Season 5 of “House of Cards.” Dwelling on the subscriber guidance, the analyst said the company’s domestic subscriber guidance of 0.6 million was ahead of his estimate of 0.21 million and the consensus estimate of 0.19 million. International subscriber number was guided to 2.60 million, also ahead of his estimate and the consensus of 1.50 million and 1.48 million, respectively. Q1: A Mixed Bag Reviewing the Q1 results, Loop Capital Markets looked at the following metrics: Revenues: $2.64 billion, slightly below the firm’s estimate of $2.65 billion, but in line with the consensus. EBIT: $256.9 million, short of its estimate of $269.1 million (secondary cost items such as marketing, technology/development and SG&A were blamed for the shortfall). SG&A: materially higher than projected. GAAP EPS: $0.40 vs. the firm’s estimate of $0.39 and the consensus estimate of $0.37 (The reported net income included a $13.6 million prop on a forex reversal, as well as a cash tax rate.) Aggregate global streaming subscriber base : 98.8 million, below the firm’s estimate of 99.1 million (Domestic vs. International break-up at 50.9 million vs. 47.9 million). U.S.
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