Word: marc
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Dates: during 2000-2009
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...bull market had bestowed "quiet reserves" - unrealized and unrevealed gains - upon insurers, enabling them to entice new policyholders with offers of 6% annual returns. Now most of Germany's 130 or so mutual insurers are carrying "quiet liabilities." "They're sort of in a trap," says Commerzbank analyst Marc Thiel. "They need cash for their maturing policies, but they can't cut the bonuses they offer customers or they'll lose business." Switzerland's insurers face a similar problem, and the government there responded by lowering the mandatory payout from 4% to 3%. German law says insurers can reduce payouts...
...recorded the largest corporate loss in French history--about $12 billion--caused mainly by writing down the value of assets. Vivendi's stock fell 85% from its peak before Messier was booted. Fourtou "is going to have to turn Vivendi into a smaller and, above all, clearer company," says Marc Touati, chief economist for Natexis-Banques Populaires in Paris. "That will involve straightening out the books so investors can see exactly where things stand." It might also mean setting Vivendi's U.S. assets loose, possibly into the hands of Diller, who has already profited mightily in dealmaking with Messier...
...With reporting by Amanda Bower/New York, Rita Healy/Denver, Marc Hequet/St. Paul, Tom Morton/Casper, Adam Pitluk/San Antonio, Matt Rees/Jerusalem, Jeffrey Ressner/Los Angeles, Melissa Sattley/Austin and Daniel Terdiman/San Francisco
...could have been avoided had Cup officials made sure that vendors provided backup servers for its ticketing website, through companies like IBM and EDS (which acquired the Web-hosting business of Loudcloud). "It's like running an electric utility, because you have to accommodate huge spikes in activity," says Marc Andreessen, a Loudcloud founder. When clients such as Foxsports.com and Fandango experience surges in online traffic, Loudcloud instantly provides backup servers...
...pooled tips, which didn't seem fair to a hard worker like him. Within a month, he had moved to another restaurant, where he got to keep every cent he earned. "There seems to have been a fanaticism about getting every last nickel. That was his Achilles' heel," says Marc Feigen, managing partner of Katzenbach Partners, a consulting firm in New York City, who got to know Kozlowski through a business-school leadership program...