Word: facedness
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Dates: during 2000-2009
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McDonald's (MCD) faced the issue several years ago. Its new CEO at the time developed cancer and eventually died. MCD named a temporary chief executive and told the world.
You know the rest of that story. Citi is now on life support, owing its continued survival to $45 billion--so far--in federal aid. Its beleaguered top-management team is trying to undo most of the 1998 merger with Travelers. And the new Obama Administration is faced with the...
Denise A. Jillson, executive director of the Harvard Square Business Association, said that while it was evident that Beauty and Main was struggling, Origins, located nearby, has similar products but has not faced the same problems.
But the record suggests there are some things a President can do to boost his long-term value. Of all his predecessors, Bush may have the most to learn from Herbert Hoover, the one to whom, given the current Great Recession, he is increasingly compared. Bush may not be popular...
In the midst of the transition, President Obama was faced with a telling policy choice: whether to declare a temporary sales-tax holiday. His economic advisers loved the idea. It would provide immediate consumer stimulus, a direct jolt that might unclog the commercial arteries. The money could be easily passed...