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...each to meet performance targets - to be first or second in its industry, and to meet quantified goals for leadership and innovation - or be sold. Most shaped up. Tata Steel, for example, shed half of its 78,000 workers between 1994 and 2005, using retirement and voluntary redundancies to lower costs and boost productivity. "The Tata group's relationship with its employees changed from the patriarchal to the practical," reads the Tata code of honor, which sets group-wide standards of conduct. Subir Gokarn, chief economist at ratings agency Crisil, says Ratan Tata read the runes of change and largely...
Each of Volkswagen's big shareholders has a hand on the steering wheel too--making VW notoriously unwieldy. Representatives of government, trade unions and Porsche, which owns a stake in VW, follow their own interests, so decisions can take eons by American standards. The state of Lower Saxony, for instance, holds a stake in the company, and Saxon politicians routinely pressure VW to maintain jobs and generous benefits in the hinterland. VW's unions, also powerful, recently agreed to extend the workweek--to 35 hours for factory workers, up from 28.8 hours. In return VW promised to keep production...
...largest cities in the world. Their greatest assets were their reputation; they valued their pride; they sought opportunity. He grouped his clients into teams and held them commonly responsible for their collective debt each week. Freed from the predatory terms of local moneylenders, these women proved to have lower rates of default than corporate borrowers at the highest end of the financial services spectrum...
...know whether this is just a one-year blip or whatever,” Martin, the Dillon professor of international affairs, said in a phone interview. “All this shows is that of the offers made last year to men and women, women accepted at a much lower rate than the men.”Harvard has sought in recent years to boost its ranks of women with tenure-track posts—assistant or associate professors who are eligible to be granted a tenured professorship—as a way to improve gender diversity...
...roughly $1.6 billion annual trade between the two countries is critical to the survival of the regime in Pyongyang - about half of North Korea's daily oil supply and a slightly lower proportion of its food imports come from China. And the lion's share of that trade has long passed through Dandong. Just how stringently China will impose sanctions directed at North Korea's weapons program and an undefined category of "luxury goods" - and more importantly, whether it chooses to tighten the screws on commodities not covered by the sanctions, such as oil and food supplies - will...