Word: blusterous
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Some inconsequential fibbing by executives is allowed - just think of all the corporate bluster you get on business TV channels. Executives can state that they believe their company has the best employees or the best strategy, even if that turns out to be wrong. But when CEOs make statements that are deemed to mislead shareholders about the state of their business, that's a securities-law violation and can be considered a criminal offense. If it is determined that Lewis made statements himself or was responsible for directing the bank to make statements that misled shareholders, he could be facing...
...What changed? First, Taiwan President Ma Ying-jeou eschewed the breakaway bluster of his predecessor Chen Shui-bian and, amid the global recession, hitched Taiwan's economic future to China's growth engine. In just the 15 months Ma has been in office, Taiwan and China have launched a raft of trade, investment, transport and cultural initiatives and exchanges that are inexorably binding the two together. As much as it will ever trust any Taiwan leader, Beijing sees Ma as a pragmatic politician with whom it can do business. (Read "Building Bridges to China...
...That take-no-prisoners toughness is certainly entertaining, but behind the ego and bluster, O'Leary's real-life business performance is spotty. All four of the funds run by O'Leary's asset-management company are trailing the market this year. Shares of the company's oldest fund, O'Leary Global Equity Income Fund, which was launched in 2008, have plunged nearly 24% in the past year. Next, there's the truth-in-advertising problem: O'Leary calls himself an "eco-preneur," but many of the funds' investments are in coal companies and other large polluters. An O'Leary...
...police officer in hardscrabble Newark, N.J., said that had he been the cop called to Gates' house, he would have left Gates and his huffy comments alone once he was sure Gates was the homeowner. He admits he may well have been offended by the professor's alleged bluster, but that's just part of the job, so much so that there's a term in police vernacular devoted to situations like this: contempt...
Despite the bluster, there is room to maneuver. One option would be for the U.S. to collaborate with Russia on missile defense. Deputy Defense Secretary William Lynn told Congress last month that the Pentagon is looking at Russian radar systems to help monitor Iranian missile tests. A U.S.-Russian partnership, he added, would signal to members of Iran's government "that they will face a concerted international front should they proceed down that path...