Word: holdes
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Marchionne's most interesting challenge is that Chrysler's new owners, postbankruptcy, are his employees - the United Auto Workers, which holds a 55% stake through its retiree trust fund. His other bosses include the U.S. and Canadian governments, which hold 8% and 2%, respectively. Fiat will start with a 20% stake, which could reach 35% if Chrysler succeeds. "Politics and unions are Marchionne's biggest risks," says Carnevale. "Having politicians on the board of directors will require very complex management...
...prohibition of same-sex marriage to the prohibition of incest. While the Justice Department is obligated by tradition to defend current law in court, several gay-rights activists said they found the arguments in the brief insulting. "As an American, a civil-rights advocate and a human being, I hold this Administration to a higher standard than this brief," wrote Joe Solmonese, head of Human Rights Campaign, in a letter to Obama on June...
According to Maloney, the election controversy provided considerable new insight into the cleric believed to hold absolute power, Ayatullah Ali Khamenei. Everyone expected voting irregularities, she said, but not "this degree of blatant, in-your-face fraud." That Khamenei almost instantly certified the victory of his candidate, incumbent President Mahmoud Ahmadinejad, dashed a central assumption about his regime: that its survival and social stability are intertwined with the legitimacy of Iran's democratic institutions. "He was willing to jettison the democratic institutions and effectively cede whatever remaining legitimacy there was in a popular vote in favor of maintaining total control...
...promised a $10 billion soft loan to its SCO allies, including Russia, which has been hit particularly hard by the fallout of the world's financial crisis. Few will raise thornier questions of political reform. After all, Russian President Dmitri Medvedev and his Chinese counterpart, Hu Jintao, can hardly hold the moral high ground and chide Ahmadinejad for jury-rigging the democratic process. (Watch a video on a Russian road trip...
...Modeled on the 1982 Franks Inquiry into the Falklands War, the new inquiry has no powers of subpoena and will hold no public hearings. Its report will be published, but with some information considered potentially harmful to national security redacted. Sir Menzies Campbell, former leader of the Liberal Democrats and member of two key parliamentary committees, the Foreign Affairs Select Committee and the Security and Intelligence Committee, suggests the inquiry can make sense of events only if it takes evidence in America. "One presumes this inquiry would want to talk to Rumsfeld and Cheney and George W. himself, although...