Word: growth
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Dates: during 1980-1989
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...nine months advertising giant Saatchi & Saatchi has admitted that it was enduring a rough year. But when chairman Maurice Saatchi faced investment analysts in the company's luxurious London boardroom two weeks ago, the news was far worse than anyone had feared. After 19 years of uninterrupted growth, Saatchi's pretax profits for 1989 collapsed, dropping from $217 million last year to just $34 million, an 84% decline. After taxes and other provisions were deducted, the world's largest advertising firm reported its first net loss, of $92 million...
...however, investors grew nervous as the Saatchis began building a new kingdom in the consulting business. The move continued the company's record of steep revenue growth through acquisition. During 1988 alone, the company purchased 17 consulting firms, branching out into such new areas as market research and executive recruiting...
...well. Earlier this month, Louis-Dreyfus pledged to boost the value of the company's shares, which have traded as high as $10.70, from their current price of $4 to at least $7.85 within three years. More than another increase in its global reach, that is the kind of growth figure that Saatchi & Saatchi now badly needs...
...Brazil's tropical forests each year accounts for some 6% of all the CO2 that is pumped into the atmosphere. Deforestation in Haiti and drought in Africa have prompted large cross-border refugee movements -- just a foretaste, perhaps, of the mass migrations that could result if runaway population growth outstrips world food and energy resources...
...industrialized nations must therefore persuade the Third World to % embrace the goal of sustainable development -- economic growth that relies only on renewable resources and does not permanently damage the environment. But the debt-burdened developing nations cannot be expected to do so without an enormous influx of funds and technology from the North. According to Kenneth Piddington, director of the World Bank's Environment Department, the crucial question is, "Are the rich countries of a mind to organize the transfer of resources in such a way that the Thailands and Indonesias of this world are actually going to benefit materially...