Word: bankrupter
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...recently as 1994, Gao Feng, now 47, earned $100 a month as a machine repairman in a state-run textile factory in Shanghai. Then the nearly bankrupt firm laid off 300 workers, promising Gao 300 yuan a month to stay home. "These changes offered new opportunities," says Gao, and so he cobbled together $1,100 and enrolled in a course for taxi drivers. Gao now drives a shiny Santana cab for another state enterprise, and his take-home pay is pegged to his own moxie. On average, he says, he earns $240 a month plying his route from...
More than that, western Europe considered those in ballet and opera to be morally bankrupt. The upper classes did frequent this entertainment, but the entertainment was not considered refined or aristocratic by any means. In fact, the dancers and singers were mostly very poor young men and women of the lower classes enticed by money. But there was an ethical draw-back: the Church refused to marry or bury actors and dancers. Thus the frequency of early ballerinas that entered nunneries to repent in their later years. In America, ballet was considered immoral up to the 20th century. Only...
...with Allen, the relationship was sometimes stormy. "Our first major row came when I insisted it was time to hire 17 more people," Ballmer recalls. "He claimed I was trying to bankrupt him." Gates has a rule that Microsoft, rather than incurring debt, must always have enough money in the bank to run for a year even with no revenues. (It currently has $8 billion in cash and no long-term debt.) "I was living with him at the time, and I got so pissed off I moved out." The elder Gates smoothed things over, and soon the new employees...
Things are going so well for Delta and Continental airlines, No. 3 and No. 5 in the industry, respectively, that they are talking about merging to become No. 1. Then, presumably, they could really kick some tails. An acquisition of Continental, twice bankrupt and now en route to record earnings, by once struggling Delta would create a giant with more than $18 billion in revenues. But the consolidation could reduce competition. "I see the Justice Department digging in their heels and not allowing this acquisition to go through," says Michael Bradley, a finance professor at the Fuqua School of Business...
...applying to law school and will be undergoing spring recruiting, I do not think that I am too biased to defend those who pursue careers of public service (which I have by no means discarded for myself). I certainly do not consider pre-professionals to be morally bankrupt, otherwise I would not be pursing that option myself. Consulting, money management and corporate law can be exceptionally fulfilling careers, and offer opportunities to serve the community as well. I think it is safe to say, however, that public service is not the focal point of these corporate fields. Those who want...