Word: folds
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...five or so years, sold to another private-equity firm or a luxury conglomerate?or they are taken public. "It's a different approach," says William Cody, a professor in retail and marketing at University of Pennsylvania's Wharton School. "Gucci is looking to build a brand to fold into its business. Private equity is looking to build a brand to sell. They always have an exit strategy." So if things aren't working out, the owners or managers may be moved aside. But, adds Cody, "private equity can give them the capital to move them from the runway...
...That's where the politics come in. "We are hoping to see what the prime minister announces," Babikir said, referring to long-discussed plans for national reconciliation, which aims to disband Shi'ite militias and bring some Sunni insurgents into the political fold with a promise of amnesty. "This will support us, and enable us to deal with the situation a lot better than we have done in the past...
...patriotism or the easier path to citizenship, the number of immigrants serving in the military has surged four-fold since 9/11, and is now about 2% of the force. There's even discussion of plucking foreign recruits for the U.S. military even before they've left their homeland. Kevin Ryan, a retired Army brigadier general now at Harvard University's Kennedy School of Government, raised some Pentagon eyebrows last week when he suggested the U.S. Army open a recruiting station in India's capital, Delhi. By tapping into non-citizens eager to wear a U.S. Army uniform, he wrote...
...ended only when I emerged, armed (rationally) with a pen, a key, and a coat hanger in order to flee past him to reception.Perhaps such unpleasant reminders of my vulnerability should be enough to make me stay at home. Any woman bold enough to stray alone from the family fold is surely fair game. She would be better off finding some nice secretarial work close to home or meekly holding the boat steady while her menfolk make merry. Or, as Mansfield would have it, perhaps I was responsible for endangering myself by being so immodest as to travel alone...
...sailing. His second cousin, Andrea Agnelli, also 30, son of Umberto and a Fiat board member, publicly contested Elkann's decision to up the family stake in the automaker. Differences of opinion are part of every family, Elkann notes, but insists that he aims to bring all into the fold, citing his grandfather's views. "He believed that leadership is consensus," Elkann said. "He won the support of the family and business partners and the community. He believed you lead by getting the best from the people around you." Bocconi historian Berta thinks the family's continued financial presence...