Word: decisional
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As it became clearer that the U.S. housing market was in an asset bubble, line managers could often see how slapdash the standards being employed were. But with compensation aligned with metrics like revenue and market share, and not risk mitigation, the forward push continued. When managers did articulate problems...
In mid-2005, when the Canadian bank Toronto-Dominion got out of structured products, including CDOs and interest-rate derivatives, CEO Ed Clark was pilloried for leaving profit on the table. Clark, who has a Ph.D. in economics from Harvard, made the decision because he couldn't comprehend, to his...
A seemingly better fit would be a run for President in 2012. Palin has the ambition for it: note her efforts to distance herself from the failing McCain campaign by criticizing the use of robocalls and the decision to pull out of Michigan and by saying that just packing her...
And her voice may be the most strategically important of all. Already it appears that Clinton may use her own experience in the White House to try to nudge Obama to keep his many promises. A larger-than-expected deficit forced her husband to delay some of his priorities in...
“I made the decision that rang liberal to me,” she said when deciding which initiatives to vote for.