Word: bulks
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...Shang, 51, spent the bulk of his career as a bureaucrat at China's central bank, the People's Bank of China. His star rose there in 1994, a troubled time when inflation hit 24% and the economy was hobbled by a myriad of off-the-book loans between corporations. Zhu Rongji, then China's Vice Premier, was determined to untangle the mess. In meetings on the issue, "Shang impressed Zhu with his ability to cite numbers off the top of his head," recalls one of Shang's former bank colleagues. In addition, Shang is "likable and gives...
...failure to free itself from governmental meddling. One of the CSRC's key responsibilities is to determine which companies can list their stocks on the market, but these regulatory decisions are often muddied by political considerations. The CSRC would like to approve more private companies, which generate the bulk of China's new jobs, are growing fast and might thus be attractive to prospective investors. However, the CSRC remains part of the State Council, China's Cabinet, which insists that 75% of new listings must be state-run companies-many of which are hopelessly inefficient and lousy investments...
...Breeden calls "a steam cleaning from top to bottom," getting rid of virtually every member "of the gang that couldn't shoot straight," including practically the entire finance department. So far, at least, the nation's second largest long-distance company has been able to hold on to the bulk of its big, valuable corporate and government accounts, though many such customers are exploring other options. It has also grabbed some local residential customers from the Baby Bells, reached a partial settlement with the SEC and built up a healthy cash reserve of close to $2 billion. Most important...
Compaq client Charlie Orndorff is a believer. As chief information officer for Crossmark, a sales-and marketing-support firm based in Dallas, Orndorff spends the bulk of his $15 million IT budget on tech support for Compaq handheld devices, PCs, servers and storage networks. "Dell approached me," he says, "but all my engineers are HP certified, and adding brands with other certification requirements for a slightly lower price on the hardware wasn't compelling enough...
...Scud hunt. There are only a few dozen Shaldag fighters, trained to stay in the field for weeks at a time. Sources say that should a war start, Israel will ask the U.S. to allow it to contribute a few three-man teams to the search for missiles. The bulk of the searches, the Israelis assume, will be carried out by British and American special forces. A British source says none of his country's forces are in Iraq--"We haven't got there yet"--but adds they will go in "once it's clear there's going...