Word: ernsting
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...employees lost money. Now that concern has been turned inside out. Employees who collectively lost billions are suing, claiming that employers had a duty to help them. "In a way, it's been exactly the nightmare that plan sponsors feared," says Bill Arnone, a personal financial counseling partner at Ernst & Young...
...have got my diploma that would have made me a Hebrew teacher. So on the ninth, I headed home early in the evening and went to bed at 9 so I would be refreshed the next morning. We had already heard a few days before about the assassination of Ernst vom Rath, an official at the German embassy in Paris, killed by a Polish Jew, and it was a very bad omen. Everything went fine until about 2:30 in the morning, when we were awakened by a big crash. I got up and didn't know what might have...
...because public shareholding is less well established there than in the U.S. About 85% of companies in the European Union are family run, and families have controlling or substantial stakes in many of the biggest firms, from BMW to L'Oreal. A study by Merrill Lynch and Cap Gemini Ernst & Young estimates that 2.5 million Europeans had financial assets of more than $1 million in 2001, compared with 2.2 million North Americans. There are more American billionaires than European ones, but in a comparison of the wealthiest people on both sides of the Atlantic, Cap Gemini found that...
Former University professor and renowned art historian Ernst Kitzinger died of a stroke in his Poughkeepsie, New York home...
...pipeline have fallen off dramatically, even though companies are getting bigger. In 1987 the U.S. Food and Drug Administration had 60 new drug applications; in 2000 it had just 30. "The bottom line is that it's really hard to do," says Ross Williamson, an analyst at Cap Gemini Ernst & Young. "The FDA [has] very onerous demands for trials." So does Europe. Last month, the European Parliament summoned Thomas Lönngren, executive director of the European Agency for Evaluation of Medical Products (emea), to ask why so few new drugs were being produced. The emea had just...