Word: profits
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That team ethic has helped the Hong Kong-based airline please both passengers and shareholders. Cathay's profit so far this year has surged 55%, built largely on a reputation for excellent service on international long-haul flights. Cathay isn't immune, however, from high fuel costs and competitive pricing. "All airlines are under pressure to reduce their cost base," Tyler says. But rather than relying on slashing amenities, as many airlines have done, Cathay has focused on "increasing the productivity of our people," he says. That means embracing the unabashedly corny team-building exercises that have fallen...
...want to make Harvard a place where people don’t just resort to consulting and [investment] banking, but broaden their career options to the non-profit sector," she said...
...According to Mekalanos, the new technique is inexpensive enough to be used even in poor countries. The Morningside Group, a Chinese company, holds the distribution rights for the new vaccine. Harvard has retained the right to license the vaccine’s production to government agencies and not-for-profit organizations that distribute the vaccine in developing countries with per capita annual incomes of less than $1,000. According to Mekalanos, he is cooperating with Morningside to construct a new research center and conduct clinical trials in China, where the new product can be released more quickly than in Europe...
Last week, nearby Tufts University put into action a new program whereby graduates who pursue careers in the public and non-profit sectors can receive financial aid to assist in paying off their student debt regardless of their school, program, or major. This initiative aims to eliminate the financial barriers that prevent many students with loans from pursuing these types of careers, and is the first program of its kind. Tufts should be applauded for its ingenuity and leadership, and we hope Harvard will follow suit. Non-profits are a valuable asset to society, yet a growing discrepancy between starting...
...Those brilliant people who made economic theory simplified their theories so that others could understand,” said Yunus. “They assumed humans to be one-dimensional...Profit-maximization was the only goal...