Word: bigs
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Dates: during 2000-2009
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...financial crisis has no doubt played a role in this jump," says Scott Fenn, senior managing director for policy at Proxy Governance. "There's a greater willingness on the part of big institutions to hold boards accountable and to vote against directors when they perceive a problem at companies...
Plummeting stock prices and anger over lofty compensation packages drove the trend. "When stocks start to go down and you see executives getting very big paychecks, that's when people get angry," says Dean Baker, co-director of the Center for Economic and Policy Research, a Washington think tank...
Banking-industry consultant Bert Ely says he was never a big fan of TARP. But now that it is in place, he thinks there are benefits to keeping it going. The biggest could be to encourage stronger banks to buy up failing financial firms that continue to be a strain on the system. "To me that seems to be a legitimate use of TARP funds," says Ely. "There are still a lot of weak banks out there...
...Business: Moving Ahead Big business is often characterized by many climate-change activists as the bad guy. But while politicians, especially those in the U.S., have been slow to grapple with global warming, many corporations have been moving ahead on their own. They're cutting carbon emissions at rates higher than any government and improving energy efficiency for the sake of their own profits. "Businesses need to deal with climate change, and they need regulatory certainty and simplicity from governments," says Charles Holliday, the chairman of DuPont...
...Last December the European Commission proposed changing the law to allow each country to absorb refugees no matter which European country they arrived at. But that proposal came when most European countries were seeing big job losses from the recession, which has made immigration a hot political issue...