Word: planning
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Dates: during 2010-2019
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According to an 80-page finance-ministry plan released on Jan. 15, that revolution will reduce spending by cutting operating expenses by 10% and freezing wages and new hiring. The plan also calls for an improved tax-collection system and the creation of an independent statistics service, which should make it harder for officials to manipulate data. Parliament has passed a 20% tax on alcohol and tobacco, and other tax hikes are rumored. This worries executives like Doros Constantinou, the CEO of Coca-Cola Hellenic, which sells soft drinks in 28 countries. "An increase in taxes will have an impact...
...Road Ahead Brussels has okayed the Greek austerity plan but warned that it will be subject to unprecedented monitoring. Joaquin Almunia, the European Commissioner for Economic and Monetary Affairs said Athens' targets were "ambitious" but "achievable." Importantly, Greece managed to raise about $11 billion in its first postcrisis bond offering on Jan. 25. But relief was short-lived. Within days the spread over 10-year German bonds, the European benchmark, reached a record high. The bottom line: until the Greek government delivers results, the pressure...
...makes the most sense to start with the bill with the highest interest rate. Yet the Heaths argue that beginning with the one with the smallest rate is the better approach. Why? You're more likely to successfully pay it off, feel good about yourself and keep going with plan...
Indeed. Yet six months later, Barrett is being hailed as the leader Cardinal needed to restore its vigor. It came at a critical time, given that any health care company has to be in a position to pivot off of whatever health care reform plan emerges from Congress. His strategy? Return to basics: strong leadership, better customer service and refocusing on what the $95.9 billion company has always done best--supply-chain management. "This is an entirely different company," says Mike Lynch, who heads Cardinal's medical-supply unit. "We've seen a much needed reinfusion of capital into...
...about-face, President Obama abandoned his plan to try Khalid Sheikh Mohammed and four other alleged 9/11 plotters in a lower Manhattan civilian court, days after New York City Mayor Michael Bloomberg rescinded his support. The trials, which could last years, would have cost as much as $1 billion in security in the city's financial district. The Justice Department is now considering other locations, such as military bases and prison complexes. Meanwhile, several U.S. Senators announced Feb. 2 that they would move to cut off funding for the federal trials unless the Obama Administration tries the suspects in military...