Word: predecessors
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Summers has spent much time in the national press spotlight in his relatively young tenure—far more than his predecessor Neil L. Rudenstine did—for issues ranging from his statements on anti-Semitism to his fallout with former Fletcher University Professor Cornel R. West...
...world's leaders, Kim, 60, may be the most strange, despite his effort in recent years to appear less so. Before he ascended to power, when his predecessor and father Kim Il Sung died in 1994, he was regarded outside North Korea as something of a joke--a pampered playboy who, with his Mao-era leisure suits, puffed-up coiffure and shoe lifts, would likely falter in his father's footsteps. Though he's maintained his singular sense of style, Kim has lessened his reputation for kookiness. The first time the outside world got a good look...
...corporate disclosure have sapped investors' confidence, and Shang must restore their faith. To do so, he will have to fend off government officials who see the market as a vehicle to funnel investors' cash into profitless state-run companies. He will need formidable political skill, even bravery-Shang's predecessor received death threats when his market-oriented reforms drove stock prices down...
...Shang's predecessor, Zhou Xiaochuan, was a committed reformer who took over the CSRC in 2000 and tried to give it teeth. (Last week he was rewarded with a promotion to lead the central bank). Nonetheless, investors have been duped in the past couple of years by a string of spectacular stock-market scandals. Consider Lu Liang, for example, who took control of a listed chicken breeder in 1999 and renamed it China Venture Capital. After raising an astounding $650 million from investors, he used 125 brokerage offices to manipulate his firm's shares. Under a pseudonym, he even wrote...
...crash on the campaign trail has put the former economics professor temporarily in a wheelchair - the crowd let out a roar. "I promise not to let you down," he told them. "I will be your servant with all humility and gratitude." After a harsh appraisal of his predecessor, he spelled out his alternative. "There has been a wide disconnect between the people and government," he said. "Corruption will now cease to be a way of life in Kenya ? The era of anything goes is gone forever." Making good on those promises will be difficult. Once ranked a middle-income country...