Word: laborative
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...synthesis of MacDonald and Baldwin, the stabilization of His Majesty's Government as a "National Government" for the years 1931-35, came dramatically on Aug. 22, 1931 when King George, who was in Scotland, learned that Prime Minister MacDonald, then heading a Labor Cabinet, was being forced into resignation by the impossible Dole demands of the Labor Party. On his own royal initiative George V arrived unexpectedly in London. Friends of the King in a position to know say that he bucked up Scot MacDonald when the Prime Minister offered to step down and persuaded Conservative Party Leader Stanley...
What's going on here? Many self-described socially responsible funds tailor their investment criteria narrowly, screening companies solely on the basis of, say, promotion of unionized labor or links to abortion. Other funds just knock the worst offenders out of contention and still buy companies that violate stated principles--as long as other companies in the same industry do worse. But even socially responsible funds that weed out a broader swath of companies and corporate practices may wind up not meshing with investors' convictions when it comes down to the gritty details...
...clear line between what's socially responsible and what's not." That's how two respected socially responsible benchmarks--Calvert Social Index and Domini 400 Social Index--wind up holding different groups of companies. While Calvert doesn't hold McDonald's because it fails the index's labor-practices screen, Domini does. And though Domini rejects Pfizer partly on the basis of its environmental record and product-safety issues, Calvert includes the drug giant. "You have a lot of companies where reasonable people can disagree," says Adam Kanzer, director of shareholder advocacy at Domini. His advice for investors: "Know what...
With such fat TV contracts--and a labor agreement that includes an escape-proof salary cap--isn't the NFL virtually guaranteed to make piles of money? Not really: Europeans love their football (soccer) just as much, yet their leagues and team owners lose gobs of money. For instance, Italy's top league, the Serie A, is a mess. Several teams have gone bust, and one famous team, Lazio (the New York Jets of Rome), was forced to sell off top players to stay afloatthis despite big television contracts. "I've negotiated deals with all the major leagues...
...despite a decision-making structure that seems perfectly rigged for trouble. There are 32 owners, many of whom are entrepreneurs who tend to follow the golden rule of management: he who has the gold makes the rules. Those owners are assigned to committees charged with handling everything from labor, competition and broadcasting to finding a team for Los Angeles. It's a group that includes NFL rebel Al Davis of the Oakland Raiders, financial ciphers like Malcolm Glazer of the Tampa Bay Buccaneers, nouveau riche types like Daniel Snyder (Redskins) and old-school owners such as the Rooney (Steelers...