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Word: bailouts (lookup in dictionary) (lookup stats)
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...broader concern is that an Amaranth-type event or series of events would ripple through the system, as in the case of 1998's implosion of Long-Term Capital Management, which zapped more than $4 billion in short order and required a federally engineered bailout to protect the worldwide economy...

Author: /time Magazine | Title: Hello, Hedge Funds | 11/26/2006 | See Source »

...installed himself in Washington in 1986 to keep an eye on his father's presidential campaign, then being run by Baker. And it was Baker who led the legal fight in Florida that handed W. his presidency in 2001. But if Baker is now laying the groundwork for another bailout of the man he once referred to as Junior, he can also thank Bush for bringing him back to center stage at a time of genuine national crisis. Baker has held three Cabinet posts, overseen a fourth agency and run five presidential campaigns. Untying the Gordian knot that is Iraq...

Author: /time Magazine | Title: Searching for an Iraq Exit Strategy | 11/12/2006 | See Source »

...Elkann--the eldest child of Gianni Agnelli's daughter Margherita and French-Italian writer Alain Elkann--to step to the fore ahead of schedule. He did so amid a two-year corporate crisis that began in 2002 when weak management damaged brand image and forced a $3.8 billion bank bailout to stave off potential bankruptcy. "If the situation had been different, I might have had more time to ease into the job. But I was forced into the middle of a bad moment," Elkann says. "The company was being mismanaged. The family leadership was aging and sick. The financial community...

Author: /time Magazine | Title: All In The Family | 7/16/2006 | See Source »

...child of Gianni Agnelli's daughter Margherita and French-Italian writer Alain Elkann - to step to the fore ahead of schedule. He did so amid the company's two-year crisis that came, in 2002, from weak management and damaged brand image, and forced a €3 billion bank bailout to stave off potential bankruptcy. "If the situation had been different, I might have had more time to ease into the job. But I was forced into the middle of a bad moment," Elkann says. "The company was being mismanaged. The family leadership was aging and sick.The financial community didn...

Author: /time Magazine | Title: All In The Family | 6/25/2006 | See Source »

...then management. He has since named a completely revamped Juventus board and a new team code of ethics. Most importantly for the long-term strategy, Elkann spearheaded the family's decision last September to push their stake in Fiat back above 30% for the first time since the bank bailout. Elkann has been working hand in hand with IFIL chairman, Gianluigi Gabetti, 81, among Agnelli's closest confidantes. The pair picked Marchionne, the man largely responsible for the car company turnaround. Besides launching two successful new models, the Panda and Grande Punto, and streamlining management, Marchionne personally negotiated the deal...

Author: /time Magazine | Title: All In The Family | 6/25/2006 | See Source »

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