Word: ownership
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Dates: during 1990-1999
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...beleaguered executives. Puppets no more, directors are responding to financial and legal pressures from angry shareholders by rising up against management in open revolts that would have been unthinkable a decade ago. While such boardroom activism is nothing new at smaller companies, where directors tend to hold large ownership stakes, it is now spreading to top FORTUNE 500 corporations that are struggling to cope with tough times. In their willingness to take on bloated corporations and entrenched management, directors have become oddly reminiscent of the takeover artists they so feared a few years ago. "Corporate boards are taking up where...
While waiting to produce proof of ownership,Norcott said he considered replacing the chicken...
Last year Goh won a $15,600 government grant to upgrade his factory equipment. He winced when he paid $38,000 for a small Datsun, but says the steep price was worthwhile because it helped the government prevent traffic jams by limiting car ownership. "Overall," he says, "life in Singapore is pretty good." Sultan Ahamed, an ethnic Indian Muslim spice trader with strong family links to his strife-torn homeland, speaks for many Singaporeans when he declares, "What shall I say? This is a paradise...
Left to their own devices, most young families are slipping. The Children's Defense Fund reports that inflation-adjusted income for parents under 30 dropped 32% between 1973 and 1990. Home ownership among households 24 and younger dropped from 23% in 1973 to 16% in 1991 -- even as the rate among the elderly rose from 70% to 77%. "You're at a real disadvantage if you don't have your parents' money to back you up," says Dan Weber, a junior and psychology major at the University of Kansas. "If I fall on my face, I have my parents...
Andrews explained that Harvard has a policy ofnon-ownership for the stocks of the large tobaccocompanies but has not recommended the same policyfor Hydro-Quebec...