Word: brazilianizing
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...from the merger of Belgium's Interbrew with Brazil's AmBev. It is headquartered in the Flemish city of Leuven, where the company can trace its brewing roots back to 1366. Though the board includes former Belgian Prime Minister Jean-Luc Dehaene, the firm's power brokers are Brazilian investment bankers who have placed an accounting technique known as zero-based budgeting at the heart of their global strategy. It compels divisions to justify all costs for each year, rather than simply adjusting the baseline spending from the previous year...
...Anheuser-Busch, the St. Louis superbrewer, is the unhappy target of a $46.35 billion takeover attempt by InBev, a Belgian company run by Brazilian moneymen, which is the world's No. 1 beermaker - its accumulated brands include Stella Artois, Beck's, Labatt and Bass. InBev is known for squeezing the fat from its acquisitions, and the people of St. Louis worry that the good jobs and corporate philanthropy Anheuser-Busch is known for will fall into the category...
...these 7,000 companies behaving in ways that you would not be comfortable with?" asks Slyngstad. "Yes, of course." But his team, which is spread between Oslo, London, Shanghai and New York City, tries to use its heft strategically - for example, to pressure firms in a sector like Brazilian mining, in which exploitation of child labor persists. Nor will the environmentally unfriendly origins of the fund's cash prevent it from pressing for better ecological standards. Last year, for instance, the fund voted in favor of a shareholder push for U.S. oil major ExxonMobil to adopt emission-reduction goals. Hardly...
...fellow students seemed, somehow, to find Boston teams a bit tiresome, if such a thing could be believed. Some people, I quickly learned, were tired of hearing about curses from a team with the second-highest payroll in baseball, or about the quarterback who threw perfect spirals and dated Brazilian übermodels. In fact, they seemed to feel that Boston fans were just a little bit entitled (imagine that!), unbearably smug and boastful when their teams won, and sulky and defensive when they didn’t.It was earth-shattering, to learn that outside my safe, championship-filled Massachusetts...
...Nuri Bilge Ceylan, from Turkey, was named Best Director (a consolation prize here) for Three Monkeys, his study of corruption within a business and a family. The Best Actress award went to Sandra Corveloni, who played a pregnant single mother trying to keep her poor family together in the Brazilian Linha de passe (Line of Passage). Only one U.S. picture was fêted: Benicio Del Toro was named Best Actor for his role as Ernesto Guevara in Che, directed by Steven Soderbergh. The movie's dialogue is almost entirely in Spanish, which means that, for the second year...