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...outside world truly do taper off, and the 115 men who now stand before one of the most important decisions they will ever make are reminded of precisely why they pray for the Holy Spirit's guidance in their task. --With reporting by Jordan Bonfante, Emma di Ravello and Jeff Israely/ Rome; Jeff Chu/ New York; and Marguerite Michaels/ Chicago...
After 20 minutes, Schnborn ducked into the bronze-gilded, Vatican-owned Via della Scrofa, where he is staying along with several brother Cardinals. There they can share silence and prayer over the next few days. But there will be intense conversations too. --By Jeff Israely/Rome
...more about who will be the next Pope, read Jeff Israely's daily Vatican Diary at time.com/diary
Business education has also produced former Enron CEO Jeff Skilling and other MBAs behind the malfeasances of Tyco, HealthSouth, Haliburton, AIG, and WorldCom. Many executives of corporate America who hold MBAs have also been engaged in the unethical acts of raiding their corporate treasuries at the expense of employees and stockholders. Emulating President Bush’s hubris, a multitude of CEOs in corporate America give themselves obscenely large bonuses that have little to do with their performance. In 1980, the CEOs of Fortune 500 large corporations received, on average, 70 times larger annual compensations than their average employees. Under...
...Although this dividend is larger than that paid in the past, Surgut continues to avoid its full contractual obligations,” Managing Director Jeff Larson said in a statement. “We demand that Surgut pay the full dividend due preferred shareholders and compensate them immediately for past dividends owed to them...