Word: giant
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Dates: during 2000-2009
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...India's outsourcing giant WiPro (WIP) recently posted mediocre financial results, especially based on Wall St expectations. Its stock traded for $14 a little over a year ago. Recently it was as low as $5. Wall St. expects that the situation at the firm is going to get worse. The other large outsourcing operation in India, Infosys (INFY), is also doing poorly...
Tester takes off for a confirmation vote, and I head back to the old office to wait for the phone guys to come and transfer the numbers. As I look up at his old giant ceilings, I realize Tester made the right call. Being a Senator is a huge job with a big staff, and to get things done, you need cubicles and meeting rooms, not marble and courtyard views. Besides, the Inouye staffers wear Hawaiian shirts to work a lot. That's never going to stop being funny...
...world will be a safer place if those who have recently escaped poverty are not now told by those who have never known it that they have to accept less than they dreamed of. "We cannot deny people their aspirations" said Nandan Nilekani, co-chairman of Indian IT giant Infosys Technologies, in an interview by the New York Times's Thomas Friedman at the New York Public Library this week. Do so, and those denied aspirations will mutate into something much more dangerous...
...clock was ticking" for "embattled" Treasury Secretary Tim Geithner, with a few members of Congress openly calling for his ousting. His boss, President Barack Obama, was criticized for not engaging in the congressional furor over the $165 million in bonuses paid out to top executives at AIG - the insurance giant that has received more than $180 billion in federal money. This week Obama remains relatively untouched in the polls, and Geithner is basking in his best week of media coverage yet. How did their fortunes shift so suddenly? To some degree, they were helped by the fact that New York...
...President also showed his own ability to play a bit of hardball. When a reporter raised the issue of Obama's greatest public-relations bungle to date - the delayed response to news of impending bonuses at the insurance giant AIG - Obama made it clear he was not interested in discussing the matter at length. "I like to know what I'm talking about before I speak," he said, explaining the delay in making the information public and expressing outrage. Then he moved on while the reporter, CNN's Ed Henry, tried without success to get him to elaborate. (Read...