Word: locks
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Ecclestone, a former driver and team owner, began to exert control over F1 in the late 1970s, when he got a lock on the sale of the sport's TV rights, its most valuable asset. In 2005 he sold most of his stake in Formula One Management to private equity firm CVC Capital Partners. But thanks to a complicated ownership structure, he's still the straw that stirs the drink. Ecclestone alone makes the big TV, sponsorship and track deals that keep F1's cash gushing. He rests his legacy on the numbers, and they are indeed impressive, not least...
According to Wilkins, the recession has also pushed firms to move away from the “lock-step” model of promoting associates on a regular schedule, requiring instead that they demonstrate “competency...
...equivalent of a blocking group—and she’s going through them all: Claire, Carole, Susie, Leslie, and the men—Mike, Tim, Ed and Jim. Thirty years ago they were in Mather, sharing a bathroom door—it had a lock. Thirty years ago Jody was a coast away, time stretching like land in front of her: this is what she talks about, curled up with phone neck-and-shouldered, legs crossed, making sure her interviewer is still interested every once in a while—“Am I rambling...
...happy to concentrate on domestic policies: a single market, a European currency, free movement of people. The E.U.'s defenders, moreover, would argue that in its immediate neighborhood, its success has had a "demonstration effect" that is not to be underestimated. Just as Greece, Portugal and Spain wanted to lock in their democratic rights by joining the E.U. in the 1980s, so when the Soviet yoke was lifted, the nations of Eastern and Central Europe wanted to join the E.U. as fast as they could. By extending an area of peace and liberal government to the east...
West easily swept through the third set, winning 11-1 to lock up his first ever national title...