Word: marketeers
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
There exists a paradigm of the perfect economy, a place where a dismal scientist may even lay down his HP-19B calculator because analysis is superfluous in a land where supply and demand are calibrated, inflation is checked, growth steady, the workforce fully employed and the stock market bullish. For the moment, the U.S. may be that perfect economy, and that means the greatest challenge for Larry Summers, 44, the new nominee for Secretary of the Treasury, will be not to muck things...
...contemplated plan to return to the private sector. Dining with Summers at the Jefferson Hotel, Rubin's Washington residence, he broke the news that he was leaving. Rubin felt strongly that the announcement of his departure and Summers' succession should be simultaneous. The Secretary also wanted to allow financial markets a full trading day to digest the news. Allaying market anxieties as well was an uncharacteristically non-opaque endorsement from Alan Greenspan reassuring Wall Street that Greenspan and Summers, whose friendship is well documented, have a close working relationship...
Summers describes himself as a "market-oriented progressive"--his policies not that different from Rubin's. But unlike Rubin, he first made his mark in the relatively genteel realm of academia rather than on the trading floor. A product of the Cambridge crowd of economists--proponents of the so-called Third Way of economic policy, a sort of free-market advocacy with a social conscience--he taught at Harvard for 10 years. A father of three and an avid tennis player--he's a hard-serving, hard-hitting sort of player, as opposed to Greenspan and his cagey spin serves...
...industrial merger in history is a test of whether globalization can really bring together the leading capitalists of Europe and the U.S. Can fastidious Germans join with freewheeling Americans and teach the Japanese a lesson or two? Although only the world's fourth largest carmaker, DaimlerChrysler's $95 billion market capitalization looms over General Motors, and the company is sitting on $22 billion in cash. Its 440,000 employees make everything from cars and trucks to Airbuses, trains and ocean-liner engines...
Despite the odds, and the human costs, the whole thing just might work. Bolstered by a sizzling auto market in the U.S., the new company is raking in profits even as its executives redefine the boundaries of their businesses. At New York City's tony Le Cirque 2000 two weeks ago, Stallkamp and a chorus line of executives trotted out their achievements: more than $1.4 billion in savings, a healthy stock price of $94 and 34 new products already on the drawing boards. "Nobody's done this before," crooned Stallkamp. "But we're feeling pretty good about where...