Word: demands
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Dates: during 2000-2009
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Each of these four companies has directors who chose not to ask hard questions and demand answers. How does a bank that was making $1 billion a year suddenly make $10 billion? How does a car company that nearly went out of business when oil prices rose sharply over three decades ago decide to reduce spending for the development of fuel-efficient vehicles...
...that the newspaper industry is in grave trouble even though internet initiatives have had some modest success. But, the New York Times chose to keep a number of newspaper properties which have been in trouble, notably The Boston Globe. Investors should want to know why the board did not demand a plan for restructuring the company. The easy answer is that the founding Sulzberger family controls enough of the voting power of the board so that actions by other members could have been ineffective. That does not mean that the board should have given up its fiduciary responsibilities. Members...
RICK ASTLEY writing movie musical. Because the people demand a two-hour Rickroll...
...India, cows can't be exported for slaughter because orthodox Hindus revere them, but the animals are in great demand in mainly Muslim, meat-eating Bangladesh. An organized network of herders and trucks carries cows across the northern plains of India to cattle markets near the border, where they are dispatched to smugglers who try to sneak them over in ones and twos. The smugglers quickly learned how to get around the fence: the latest in smuggling technology involves a jury-rigged contraption of bamboo poles, iron hooks and old barbed wire used to haul small cows up and over...
...reserved for the élite and for special occasions. The Spanish took chocolate back to Europe in the 16th century, discovering the pristine and aromatic criollo bean in Venezuela along the way. Until the 19th century, Venezuela produced solely criollo cacao, which satisfied more than half the world's demand for chocolate. But when an infestation came close to wiping out all the cacao in neighboring Trinidad, nervous Venezuelan farmers began crossing the criollo with a lesser but more resilient bean by about 1825. As a result, the criollo was all but lost. It didn't help that Venezuela began...