Word: mckinseys
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Dates: during 2000-2009
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...program teach in low-income schools for two years in an attempt to close the achievement gap of American education. This year, Harvard applications to TFA have increased 100 percent, more than twice the national increase. To encourage participation in TFA, prestigious firms like JP Morgan and McKinsey and Company now allow graduates to defer job offers for two years in order to teach with TFA. But few follow through with their business aspirations. “It’s a very small portion of our actual alumni who are in business, around four percent,” says...
...join the E.U. later this year, and Sikora is hopeful that accession will boost growth. Poland's lower labor costs give it a competitive edge, and it continues to enjoy some foreign direct investment, although the amount has dropped off in the past few years. A recent McKinsey report suggests that Poland is well placed to create as many as 500,000 jobs over the next five years by becoming a new center for outsourced services for European companies. Already Lufthansa and GE, among others, have moved some back-office operations to Poland...
...villain of the piece is Spacey, as a Scrooge type, sent from McKinsey-like headquarters, whose job is to impose stricter rules on all benefactors of children. (The Tooth Fairy has been told she can put money under kids' pillow only after the first tooth.) Conversion is the fate of every marplot in a movie like this. So Spacey, who played Lex Luthor in last year's Superman Returns, gets a Superman cape for Christmas. In-jokes and cross-marketing (the same company, Warner Bros., released both Fred Claus and Superman Returns) are about as sophisticated as this movie gets...
That's also the idea behind the ISB. The brainchild of Rajat Gupta, former head of McKinsey & Co., the school is funded by some of the country's biggest corporations. Kellogg, Wharton and the London Business School helped design the curriculum. Tuition for the one-year M.B.A. degree is about $43,000, and most of its 400 or so students pay full fare, although there are some scholarships. The majority of the faculty are U.S.-educated Indians, many of whom were teaching in the U.S. and have been lured home with salaries of about $75,000, five times what...
...Economists note that at least part of China's soaring demand comes from its artificially low prices. Together, the Chinese and Indian governments provide suppliers about $15 billion a year in subsidies. A recent report by consulting firm McKinsey & Co. estimates that "ending fuel subsidies worldwide would cut demand for transportation fuels by three million barrels a day" - about 3.4%. Meanwhile, the recent shortages have led at least one Beijing resident to rethink his personal fuel consumption. Stuck in line at a gas station Wednesday, Du Peng remarked, "Now I'll have to reconsider my plan to purchase...