Word: attempters
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...when the board of postal-machine maker Pitney Bowes decided to analyze risk more systematically, the company listed 16 categories of risk--from supply chain to reputation--and assigned a senior executive to be in charge of each one in an attempt to drive the new ethos into the corporate culture. What was important was that the firm also made a deliberate decision that risk was not something that could be reduced to a number. "We have a much more holistic discussion about a business and why we have it," says vice president and treasurer Helen Shan. "It becomes strategic...
...most high-profile attempt has been the Treasury Department's requirement that banks participating in its recapitalization program make sure senior executives' pay doesn't entice them to take "unnecessary and excessive risks that threaten the value of the financial institution." What exactly that means, though, has been lobbed back to directors. And technically they've always had a duty to step in the way of anything that threatened their company's value. In fact, companies long ago thought they had figured out a way to shepherd individual interest. "Everyone thought risk-based compensation was equity in the firm," says...
...amendment frenzy can be attributed to overzealousness and a lack of inability to compromise. Laws, historically, have been passed by legislatures, in which each representative answers to his constituents. Recently, however, both liberals and conservatives have forced issues such as gun control and gay marriage into courts in an attempt to bypass the legislative branch. Invariably, this leads the opposing side to counter by creating a constitutional amendment to overrule the judicial branch. Sound legislation based on compromise and accountability gives way to an arms race for legal enforcement. In this environment, positions may win, but the people ultimately lose...
...global financial system only to be shut down by his own party, he handed Obama a weapon almost as powerful as the crisis itself. Times were suddenly scary - and McCain was "erratic," "impulsive," reckless. He fell into a trap he couldn't get out of for weeks: any attempt to do something dramatic and different just dug the hole deeper. Every time McCain took a swing, as his cheering section demanded he do, those undecided-voter dial meters plunged. Six in 10 voters said McCain was spending more time attacking Obama than explaining his own positions, at a moment...
...phrase famously serves as the second epigraph to T.S. Eliot's 1927 meditation on despair, "The Hollow Men.") Families gather for food and festivities that might seem incongruous with the event's bloody origins - although perhaps not as incongruous as lighting fireworks and bonfires to celebrate an abortive attempt at arson...