Word: abbeys
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...culture. One Barclays bank investor made news by telling chief executive Matthew Barrett at the recent shareholder meeting that with a pay package of $2.6 million, he was getting the "equivalent to 10 High Court judges." Robert Smith, a quiet-spoken retired structural engineer, also sharply questioned banking group Abbey National's board. Abbey last year lost $1.6 billion, halved dividends but paid golden handshakes totaling some $9 million to five departing directors. "It's scandalous," Smith says. "It was a reward for failure." The furor is largely a British phenomenon. On the Continent, pay and compensation packages tend...
...global economic player. To exploit the late-'90s boom in worldwide regional-jet travel, Botelho committed Embraer to lighter, faster, farther-ranging and less expensive jets, which proved attractive to airlines even though they weren't - and still aren't - considered as technologically advanced as Bombardier's. Says Doug Abbey, executive director of the Regional Air Service Initiative, an industry advocacy group in Washington: "Embraer is the risk-taking company that Bombardier used to be." The risks of working with crisis-hit airlines may soon pay dividends for both companies. Other airlines are expected to follow U.S. Airways' lead...
...global economic player. To exploit the late-'90s boom in worldwide regional-jet travel, Botelho committed Embraer to lighter, faster, farther-ranging and less expensive jets, which proved attractive to airlines even though they weren't--and still aren't--considered as technologically advanced as Bombardier's. Says Doug Abbey, executive director of the Regional Air Service Initiative, an industry advocacy group in Washington: "Embraer is the risk-taking company that Bombardier used...
...global economic player. To exploit the late-'90s boom in worldwide regional-jet travel, Botelho committed Embraer to lighter, faster, farther-ranging and less expensive jets, which proved attractive to airlines even though they weren't - and still aren't - considered as technologically advanced as Bombardier's. Says Doug Abbey, executive director of the Regional Air Service Initiative, an industry advocacy group in Washington: "Embraer is the risk-taking company that Bombardier used to be." A boon may be coming soon for both companies: US Airways, which just emerged from bankruptcy protection, has announced that it is negotiating with them...
...cited the tale of 12th century monk Eversham Abbey, who was said to have seen Christ bloody in heaven and attempting to drink his own blood while in a trance...