Word: legacyism
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How's this for a sales pitch: we're going to take your money and invest it in an almost indescribably complex way. Some of our strategies may be similar to those that caused the infamous 1998 collapse of Long Term Capital Management, an investment house saved by a $3.6...
What are today's companies looking for in a shiny new CEO? Talk of vision and synergies has been replaced almost everywhere by a laser-like focus on profitability. Debt and heavy-handed micromanagement are out; sustainable earnings and delegation of authority are in. Some corporate crises, such as Parmalat...
When Jean-Rene Fourtou took over as chief executive of Vivendi Universal on July 3, 2002, he says, he planned to carry out "a calm diagnosis" of the company's many problems. Instead, he was plunged into a maelstrom. Two days after his appointment, Moody's threatened to reduce Vivendi...
We are a long way from the “colored” and “white” schools outlawed by Brown, but their legacy persists and African-Americans cannot wait for others to solve the problems of educating black children. They have the political potential to solve...
President Bush may not be remembered as a linguistic innovator. But in the tradition of classifying ketchup as a vegetable, a classic from the Reagan era, the Bush Administration may leave a rich legacy of redefining terms for regulatory purposes. Perhaps you thought a wild fish is one hatched in...