Word: payoff
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Dates: during 2010-2019
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...picture, long-term-payoff approach is what helps companies weather short-term vagaries. Dong recently reported a tumble in revenue from $11 billion in 2008 to $9.1 billion in 2009 - in large measure because of the global financial crisis and drop in energy prices. While the company said it expects higher sales in 2010, Eldrup looks beyond the quarterly reports. "This is the way the energy business is," he says. "We are working on a long-term horizon...
...When Fryer briefed Rhee, the Washington schools chancellor, about the results, she was shocked - happily so. "It is just so hard to show impact in education," Rhee says, citing past experiments that showed no payoff despite enormous effort. "We don't see results like this for a lot of other things we're doing," she says. So she went to the Washington city council to ask for more money to keep paying kids - and to keep studying what happens. "If next year's data show something different, so be it," Rhee says. "We'll take it year by year...
...post of chairman. Two years later, the company accepted a $70-a-share bid from Eli Lilly & Co. "I felt vindicated," boasted Icahn at the time. Then there was National Energy Group, where he turned a $300 million investment in the company in 2003 into a $1.5 billion payoff when it was sold in 2006, according to Icahn. (See the top 10 bankruptcies...
...were performing a public good. They were cheating the cheaters out of money that would otherwise go toward grenades and guns, making the guerrillas stronger. Rather than being castigated, they ought to be decorated. There was also a sense among the troops that the cash was a serendipitous payoff for years of dangerous duty protecting the homeland. And if that wasn't enough, it was Easter week, the holiest time of year in Colombia. Many soldiers viewed the treasure as nothing less than a gift from God. (See pictures of FARC in the jungle...
...what we can call a class with a huge payoff, we heard that in Computer Science 179: "Design of Usable Interactive Systems," students formed groups, and each group got an iPod Touch to use for the course. We're not sure whether they'll be able to keep them. The course Web site uses the word "loaned" to describe the state of the iPod, so probably not. But hey, a programmer can hope...