Word: effortfully
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...recent Washington hearing into the causes of the financial crisis, executives from four top banks all cited recently instituted clawback provisions as evidence the firms had reformed the pay practices that many believe were at the root of the financial crisis. Clawback provisions are at the heart of that effort. While companies have always had the right to sue employees for ill-gotten gains, more firms are adding provisions to reclaim pay not just for illegal behavior, but poor decisions. And they are expanding those provisions to more employees. A few months ago, Morgan Stanley extended its clawbacks to trades...
...controversy over unintended acceleration in some of its cars, has elected to indefinitely halt sales of eight models, including the Camry, America's best-selling automobile, and the Corolla, the practical compact model on which the Japanese automaker built its reputation for quality and durability. As part of its effort to address sticking accelerators, it will also recall 2.3 million vehicles...
Carmakers call back vehicles for repairs all the time, but Toyota's efforts to address complaints, coming on the heels of its 4.2 million-car recall in November to address similar issues, were described by the automotive website Edmunds.com as unprecedented. "Helping ensure the safety of our customers and restoring confidence in Toyota are very important to our company," says Bob Carter, Toyota's group vice president and general manager. "This action is necessary until a remedy is finalized. We're making every effort to address this situation for our customers as quickly as possible." (See the 50 worst cars...
...Gipper wooed so-called Reagan Democrats by finding common cause with them on key issues such as national security and lower taxes while still keeping his political base solidly on board. Education, spending cuts and maybe even health care are all ripe areas where Obama can make another effort to reach out to voters, if not intransigent Republicans in Washington...
...Many students and their advisers have said that they found the current rules to be overly restrictive,” FAS spokesman Jeff A. Neal wrote in an e-mail. “This change in the rule was, in large part, an effort to respond to feedback we’ve received from students...