Word: overheads
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...McKenzie, just broke the 1,000 mark. Many of the behemoths are run by nonattorney managers who operate like corporate chiefs, drumming up sales and plotting growth strategies. Says Richard Santagati, the onetime head of NYNEX who now oversees Boston's Gaston Snow & Ely Bartlett: "Everything has accelerated -- salaries, overhead, client fees, the stakes and the risks...
...absorb an established local operation to gain an instant foothold in another city. But as many as eight in ten mergers are illadvised, by the estimate of Houston Law Firm Consultant William Cobb. They can lead to a clash of egos among partners accustomed to independence, a ballooning of overhead costs or the mismatch of a loosely organized firm with a centrally operated...
...groups of two and three as unobtrusively as possible," Whitney recalled. "The office they met in was never designed for large meetings of this sort, with the result that most of the governors were compelled to stand or to sit on tables. As the meeting progressed, panic was raging overhead on the floor . . . The feelings of those present were revealed by their habit of continually lighting cigarettes, taking a puff or two, putting them out and lighting new ones -- a practice which soon made the narrow room blue with smoke." After due deliberation, they decided to let the market...
Hearing the sound of a small plane overhead, some of the 15 to 20 swimmers in the open sea 20 miles off the Dominican Republic gestured frantically for help. The plane was unable to put down on water, however, and its occupants could only look on in helpless horror at the scene unfolding beneath them. The swimmers, passengers on a sinking people-smuggling ship bound for Puerto Rico, were under siege by dozens of sharks. "In one instance we saw a shark literally throw someone in the air and then attack the person," recalled one of the witnesses, Eugenio Cabral...
Downstairs, students in a time-management class are discovering how much it costs to take a break. Add up salary, benefits, perks, overhead, support staff and contribution to profits, and a manager's time is worth $1.50 a minute -- much more in some cases. Says Instructor Larry Baker: "I had a sales force that was responsible for millions in sales, and one of them said, 'You mean if I sit and drink a cup of coffee for five minutes, that just cost my company $287?' Well, yeah, it did." Imagine what it costs when some jerk gets...