Word: boardrooms
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From the lowliest bureaucrat to executives in the boardroom, tens of thousands of Japanese eventually get involved, directly or indirectly, in the formulation of policy, either through the study groups or perhaps the nation's ubiquitous, highly effective industrial associations. Their job is to lobby the interests of member corporations before the government, a task eased by a bit of Japanese back-scratching known as amakudari-literally, descent from heaven. It refers to the practice whereby retiring top bureaucrats are quickly hired as top executives of the companies they once regulated. Yusuke Kashiwagi, a former Finance Ministry official...
...BOARDROOM IS HUSHED, awed. The lines on the charts seem to have a life of their own, surging with an organic vitality, up and up. the lines are profits, big profits. And there is a woman, "a tall, slender woman dressed in a simple manner," She is Katherine Graham. This is the Washington Post...
...secret." Bray's book is competent and comprehensive, but he seems satisfied to describe how the Post grew, rather than why it grew. He breezes over pivotal factors, ("As World War II sparked the rapid growth of Washington, the Post began making a little money.") in favor of boardroom trivia. The result, unfortunately, reads like a Harvard Business School Case Study with anecdotes, and, as such probably will not be read...
Bray understands the newsroom better than the boardroom. The best sections of The Pillars show, in fine style, the Post newsroom in action, especially during the machinations that led to the publication of the Pentagon Papers, a story on which the despised New York Times scooped the Post. Bray also gives a fascinating and compassionate description of how the Post editorial board, led by Russ Wiggins, trusted the Best and Brightest far too long about Vietnam, almost provoking a rebellion from some staffers. Surprisingly, Bray treats Watergate, the ultimate Post journalistic coup, casually. He says the newsroom suffered an emotional...
...mood in the 54th-floor boardroom of Chrysler Corp.'s offices atop the Pan Am building in Manhattan was understandably subdued. Sales were still slumping, costs continued to soar, and back in Detroit the company had earlier in the week announced a third-quarter deficit of $461 million, by far the largest quarterly loss in its troubled financial history...