Word: monday
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Fired up by the math, Walsh (a former Aer Lingus pilot who landed the top job there in 2001) quickly got to work cutting the figures down to size. On his first Monday at BA, he set about reaching a deal with trade unions to rub out the pension's deficit over the next decade through one-off cash injections and changes to employee benefits. Two months later, "Slasher," as Walsh was known while rescuing the Irish carrier from the brink, cut hundreds of senior managers. Soon afterward, he unveiled a blueprint for shrinking BA's costs by close...
...happen as often over cubicle walls as in boardrooms. Goldman employees come back from business trips abroad with a pound of Starbucks coffee for the office. On weekends, you'll find them building houses for the poor or taking the kids to the Entwistles' for Saturday brunch. Every Monday morning, Entwistle gathers the troops. "He calls on even the most junior people to talk," says associate Anjali Talera, "and everyone's contribution is treated as equally crucial." A local hire from Merrill Lynch, Talera says that feeling is "rare in investment banking...
...Monday, the Iraqi government announced that it was revoking the license of Blackwater USA, the private security firm, to operate in the country. This came after the reported killing of eight Iraqi civilians by Blackwater employees. The United States government should respect the wishes of the Iraqi government and cease to employ Blackwater security forces in Iraq. Furthermore, the practice of using private security forces in the place of U.S. soldiers should be halted altogether.According to the Department of Defense, which overseas all branches of the military, there are currently about 129,000 private contractors in Iraq, of all nationalities...
...Iraqi Prime Minister Nouri al-Maliki sit down for a scheduled bilateral meeting next Tuesday in New York they will discuss the recent episode in Baghdad involving the Blackwater security firm, which is critical to the way American diplomats operate in Iraq. Already, during a telephone conversation on Monday night, Maliki and U.S. Secretary of State Condoleezza Rice agreed that U.S. diplomats must be free to travel around Iraq, but how they will do that is now a point of contention. Since Iraq suspended Blackwater's license following the Sunday firefight, American diplomats have not been able to travel outside...
Greek Prime Minister Kostas Karamanlis has won reelection - but only just - in a heated election that gave him a shrunken parliamentary majority that may imperil implementation of key economic and social reforms. With all of Sunday's votes counted, final returns late Monday showed Karamanlis, who swept to power in 2004 as Greece's youngest prime minister, won about 42% of the poll against 38.9% by the rival Panhellenic Socialist Movement, or PASOK. The result was as much a personal victory for Karamanlis, who took office four years ago without ever serving a government post, as it was a blow...