Word: boarded
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...with Yahoo! so that together they could challenge Google. If Microsoft gets a good response to Kumo, however, it may walk away from any relationship with Yahoo! - meaning the No. 2 search-engine company's shareholders will lose a chance to make money the way they did when their board rejected Microsoft's offer to buy Yahoo! more than a year...
...There are going to be changes to the boards of every major financial-services firm," says Clarke Murphy, co-head of the board-services practice at executive-search firm Russell Reynolds. "As many as half of their independent members [i.e., directors who are not officers of the bank] may change...
Already, Citigroup has named four new directors to its board this year, and each has financial experience. Two, Jerry Grundhofer and Michael O'Neill, are former chief executives of other banks, U.S. Bancorp and Bank of Hawaii, respectively. And a number of Citi's shareholders are pushing for the bank to make further changes to its board...
...course, with the federal government pouring billions into U.S. automakers like GM, those executives may have little choice but to get on board. And there are still nagging concerns that new fuel-economy standards alone won't be enough to wean Americans from their gas guzzlers. Since gas prices fell during the recession, consumers' appetite for compacts and hybrids has dwindled, and sales of large SUVs are once again ticking upward. If gas prices stayed relatively low between now and 2016 - which is unlikely - automakers could end up producing cars and trucks that Americans won't be eager...
...formal," as if they had both come away from the session with a newfound wariness of each other, like circling prizefighters. Obama wants to rally Arab nations to create a bloc against Iran's nuclear ambitions, and he thinks that the only way to bring the Arabs on board is to achieve headway on the Israeli-Palestinian conflict. Netanyahu wants Iran defanged, but the hawkish Premier doesn't see the linkup or why he needs to make concessions to the Palestinians, especially ones that might jeopardize Israel's security. (See pictures of 60 years of Israel...