Word: boardroom
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Dates: during 2000-2009
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...Piss Guy Roger Mexico begins the novel romantic (“They are in love. Fuck the war.”) and intellectually sophisticated (the Rockets fall according to a Poisson distribution, people! A Poisson distribution!), but he ends it broken-hearted, broken down, and maniacally pissing on a boardroom table. So next time you see Public Piss Guy letting the John Harvard statue have it, just remember: there’s an idealistic and intelligent freshman hidden somewhere in that drunken mess. (I think—he might also just have to pee.) —Patrick R. Chesnut...
Though few financiers could score a touchdown in a professional football game, even if given the opportunity, there might be a striking similarity between the success of NFL players on the field and businessmen in the boardroom, according to a recent study by Harvard researchers. The two Harvard academics, Boris Groysberg and Robin Abraham of Harvard Business School, conducted the study with investment manager Lex Sant. The researchers found tracked the success of traded NFL athletes and compared them to mobile businesspeople, finding that success for both groups is dependent on a team. The study, which was published...
FROM BENCH TO BOARDROOM...
...practically un-American. Paralleling a program authored by U.K. Prime Minister Gordon Brown, it called for the U.S. government to take partial ownership of nine leading banks and offer to buy pieces of hundreds of others. On Oct. 13, the nine bank bosses, assembled in the Treasury's imposing boardroom, were each handed a piece of paper with the terms: $25 billion of preferred shares each from Citigroup, JPMorgan Chase, Wells Fargo and Bank of America. In return for the capital, the U.S. would collect a 5% dividend in the first five years. Although Wells Fargo chairman Richard Kovacevich resisted...
...telling his sales staff, "We just need to circle the wagons and wait this thing out," Guernsey says. That's true among large corporations too. "People are putting projects on the shelf because the uncertainty came in so fast," a FORTUNE 100 CEO tells TIME. "Everybody in the boardroom is questioning, You want to reinvest now?" And if businesses stop spending, the pain will be felt in industries from steel to construction to carpets...