Word: fire
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JPMorgan Chase CEO and Harvard Business School graduate Jamie Dimon wrote in The Washington Post on Nov. 13 that regulators should be empowered to liquidate assets and fire management when they see fit, so that individuals engaging in risky behavior will “feel the pain.” The next day, Barclays CEO John S. Varley wrote in The Sunday Telegraph that “incentives and compensation must be better aligned to delivery, must take account of risk, and must be paid out over time...
...think it will get? The opinions on this shift, but the Boston Consulting Group in late 2008 predicted that about 50% of the companies bought in leveraged buyouts would default on their debt. If half default, and they fire about half of their workers - not the most aggressive estimate - then you're talking about 1.9 million unemployed...
...that Technicolor autumn. The parks and schoolyards should have been full of children, noisy with glee, burdened by nothing more troubling than skinned knees. Instead, their silence radiated fear. That was Washington in October 2002, when a person or persons unknown sowed three weeks of terror through random sniper fire. People were killed cutting grass, pumping gas, going shopping, walking to school. Death itself, with hood and scythe, could not have been more random, more remorseless, more unnerving. Or more pointless. When at last the snipers--John Allen Muhammad and his juvenile accomplice, Lee Boyd Malvo--were caught, they...
...background work in any study of western art history, loomed over Saturday’s proceedings as the literal backdrop for Benedict’s welcoming speech. Yet during the heady days of mid-17th century Italy, around the same time that Galileo had his feet held to the fire for his dangerously newfangled Copernican views, Michelangelo was accused of creating work more fit for a public bath than a place of worship. One artist was even hired to paint a loincloth over the offending genitalia...
...Iran's opposition Green Movement is reaching out to the United States for help. Via public and private channels, the Obama Administration has received several appeals in recent weeks to take a stronger stand against human-rights abuses in Iran, avoid military action and impose more aggressive and rapid-fire sanctions against the Revolutionary Guards and its vast business interests...