Word: entrustment
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...couldn’t entrust the FDA to better hands,” he said...
...Street, lavish pay packages have never been restricted to the top of the executive ladder. Top-performing investment bankers and traders were paid big sums because otherwise they might jump ship to a rival bank or a hedge fund. And nobody was forcing rich people and pension funds to entrust their money to high-fee private-equity firms and hedge funds. (See the top 10 financial collapses...
...Confidence, as many have argued, is crucial during a credit crisis. Derived from the Latin word credere, “to trust, entrust, believe,” credit depends on a threshold of trust to lubricate functioning capital markets. If financial institutions, as creditors, do not trust their debtors—be they individuals, investment funds, or other banks—these institutions will not lend. As the grand dame of economic historians, Anna Schwartz, said in October: “The basic problem for the markets is [uncertainty] that the balance sheets of financial firms are credible...
...think the players would entrust their precious paddles to just anybody? Oh, no. They trek to the gluing tent themselves - by international rules, it has to be someplace well ventilated - some 10-15 minutes before they have to play, and engage in the ritualistic application process. After each meet, they peel off the rubber so the paddle is ready for its next gluing. They bring out small plastic pots of glue with brushes and quickly slather on the glue to the outside of their paddle. Vertical stripes? Horizontal bars? Swirly circles? Each player has his own pattern, and once they...
Mackey and Tindell both started out striving mainly to satisfy customers. What other choice is there for a new business? As their companies grew, the emphasis shifted to employees. Whole Foods and the Container Store pay better than most retailers, offer good benefits and entrust workers at all levels with sensitive financial data. The idea is that happy, empowered employees beget happy customers. Happy suppliers help too. All this stakeholder joy eventually redounds to the benefit of shareholders--but the magic fades if shareholders become the focus. "There's a harmonic effort that takes place, like a chorus...