Word: favors
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...Semel stepped down as CEO this week in favor of co-founder Jerry Yang, a Stanford wonder kid just like those Google guys who burst Yahoo's bubble. Yang is likely to take a back-to-basics approach to Yahoo, focusing on streamlining the company's many ventures to squeeze more revenue out of the company's new Panama advertising system, a revamped ad platform created to compete more aggressively against Google. "Yang's strengths are sentimental, technical, and basic," says Jordan Rohan, technology analyst with RBC Capital Markets...
...builders. But Yahoo's broad array of assets have proved difficult to manage, prompting the so-called Peanut Butter Manifesto last year, in which senior VP Brad Garlinghouse argued that Yahoo! was spreading itself too thin. And now that Yahoo has created a precedent in shedding Yahoo! Photos in favor of Flickr, it may cut down further on other businesses to focus on its core offerings...
...claims. What really bugs employees are the rights they lose in arbitration--and the apparent bias of arbitrators. There are strict limits on gathering evidence for arbitration hearings, and it is virtually impossible to appeal them. Arbitrators don't necessarily have to follow the law, and studies suggest they favor companies that regularly hire them. Still, the courts generally uphold arbitration clauses unless a law makes absolutely clear that the employee can go to court, arbitration be damned. That pretty much describes the 1994 act, as three federal courts have ruled...
...financial system." Commercial airlines and their passengers pay about 95% of the taxes but only account for 73% of the costs of the air traffic system, according to FAA administrator Marion Blakey. The idea coming before Congress is to overhaul the current system in favor of satellite GPS technology and aviation-funding strategies that would also include a new user-fee system to bring the amount that corporate fliers contribute in line with their use of the ATC and airports. Some in the industry wonder, however, if this kind of corporate accountability will get off the ground...
...when the subject turned to economics, Reagan blundered. After speaking in favor of stable monetary exchange rates, the President offhandedly observed that nonetheless "there could still be some lowering of the ((U.S. dollar's)) value." Money traders interpreted that as a renewed attempt to talk the dollar down in order to reduce the U.S. trade deficit, and the greenback promptly sank. White House Spokesman Marlin Fitzwater issued two clarifications asserting that the President wanted the dollar to stabilize. Reagan will have to do better than that at a summit with Gorbachev, lest the Soviet leader steal all the credit...