Word: droppingly
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...plus 20% of profits. But with funds multiplying in both diversity and complexity, industry insiders expect competition to force less successful funds to start reducing what they charge their customers. A recent survey of 100 large-fund managers conducted by consultants Ernst & Young found that 72% expected a drop in management fees and 80% expected performance fees to fall...
Every Easter, Venice's dignitaries board an official boat, sail out into the Adriatic and drop a gold ring into the water, symbolizing by this centuries-old ritual the city's marriage to the sea. For a long time, the union was a splendid and prosperous one. Thanks to its sprawling trade network, Venice became a wealthy imperial power in the 13th century, its institutions later mimicked by the Dutch and English. The city-state's mighty fleets patrolled the Mediterranean, while its merchants haggled at the far reaches of the Silk Road, dispatching the wonders of Asia back...
...Dave Maynard, vice president of Frank Productions agrees. "How do we reduce the debt to taxpayers? Just giving people something to do is a big part of it." Not that the event didn't have its share of rowdiness this year, with 126 arrests. But that is a big drop from...
...that all these negotiations will settle things amicably," Attiya said. But in the event of further conflict in the region, such as a threatened U.S. attack on Iran's nuclear installations, Attiya said, "I think there will be a big jump [in oil prices]." War would cause an actual drop in global oil supplies which, he explained, "will create a panic, a shortage in the market...
There was Bank of America chief Ken Lewis, who, after reporting setbacks in his attempts to turn the bank into a major force on Wall Street, declared, "I've had all the fun I can stand in investment banking at the moment." And after Citigroup announced a nearly 60% drop in earnings, Deutsche Bank analyst Mike Mayo more or less asked CEO Chuck Prince why he hadn't been fired. Prince's response: "If you look at the strategic plan that we are executing on, I think any fair-minded person would say that strategic plan is working...