Word: cent
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Dates: during 2000-2009
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...through college playing guitar in a wedding band and occasionally waiting tables. At one of his first restaurant jobs, the staff pooled tips, which didn't seem fair to a hard worker like him. Within a month, he had moved to another restaurant, where he got to keep every cent he earned. "There seems to have been a fanaticism about getting every last nickel. That was his Achilles' heel," says Marc Feigen, managing partner of Katzenbach Partners, a consulting firm in New York City, who got to know Kozlowski through a business-school leadership program...
...could not close this reminiscence without mentioning Cronins Bar. It was here that much education was discussed. However, the small glasses of 10-cent beer lacked distinction. One night, after much carousing, a student, at least I suppose it was a student from somewhere, shouted that the beer was undrinkable and Cronin came over to see what the matter was. He tasted the beer, spat it out and picked up the student and threw him out the door, much to the amusement of all in the beer hall...
...good news is that investors have shown they are willing to overlook the bad climate when specific company fundamentals improve. Last week tech giant Cisco reported a quarterly profit that was 1[cent] a share better than expected--and the market soared for a day. Especially encouraging were Cisco's wider profit margin and depleted inventory. But it will take a drumbeat of such news to turn around negative market psychology...
...good news is that investors have shown they are willing to overlook the bad climate when specific company fundamentals improve. Last week tech giant Cisco reported a quarterly profit that was 1[cent] a share better than expected - and the market soared for a day. Especially encouraging were Cisco's wider profit margin and depleted inventory. But it will take a drumbeat of such news to turn around negative market psychology...
...news last week is the fee structure. Many of these "stations" are geeky mom-and-pop operations that don't charge for their music and don't pay for it either, an arrangement the record labels are trying to rectify by imposing a royalty of fourteen-hundredths of a cent per song per listener. That may not sound like much, but it's enough to drive the small guys out of business. Last Wednesday a few hundred of them tried to draw attention to their plight by going silent...