Word: partner
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Dates: during 2000-2009
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...battery as part of its pioneering joint-venture deal to build and sell an electric car in the U.S. and, eventually, China. The idea is simple - Lishen, one of the biggest battery manufacturers in the world, provides hardware manufacturing at a reduced cost, while its American partner provides the sales smarts and high-tech expertise. "It's a product of Sino-U.S. cooperation," says Liang. "[Coda] did market research and provided funding, and we were in charge of the power system." It's the sort of globalized relationship that has worked for countless products before - and now Coda...
These early triumphs in the face of adversity understandably shaped his ambition and his worldview. "You can never forget that Lloyd came from a pretty significantly challenging environment," explains Robert Steel, Blankfein's former partner at Goldman and an Under Secretary for Paulson at Treasury. "That's at the root of Lloyd." Steel recalls that Blankfein shared stories about life at Thomas Jefferson High School. "You survive by either one of two things," Steel says Blankfein told him. "You were either a great athlete or funny and entertaining, and I decided to go with funny and entertaining...
...Blankfein was on partner track at Donovan, but then he had what he calls a pre-midlife crisis and decided to make the switch, if he could, to investment banking. He applied for banking jobs at Dean Witter, Morgan Stanley and Goldman. He did not make the cut in Goldman's famously exhaustive recruitment process (or at the other two firms either). "It wasn't a nutty decision. I was a lawyer," he says. "I didn't have a finance background." Instead, in 1982 he landed a job as a gold salesman for J. Aron & Co., an obscure commodities firm...
...reversal. Some say it's related to failed distribution programs for the male condom in the past. Other experts suspect that it's a result of foreign NGOs and governments pushing Uganda away from effective domestic programs that were aimed at keeping people from having more than one sexual partner, a relatively common practice in the country...
...shift in direction - and also to say that they have a choice in which party leads their country. "This is the most important election since 1955," says Gerald Curtis, a Japanese politics expert who teaches at Columbia University. "The DPJ will almost certainly win the majority - without a coalition partner. This is a huge, huge change." (Read "The New Activism of Japan's Youth...