Word: prudent
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Dates: during 1990-1999
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...says Eaton. "If you go through the numbers and look at the cash we went through the last time around--when we had a much lower capital-spending plan--we believe it's absolutely prudent to have that kind of cash [the $7.5 billion] around." The Kerkorian bid has already had one negative impact on the company's ability to borrow. Reasoning that any takeover could leave the company saddled with unmanageable debt, all three credit-rating services quickly placed Chrysler's outstanding debt on their watch lists...
...wouldn't have thought it would be prudent tobase a change on that incident in particular,"said Gund Professor of Economics and of BusinessAdministration Richard E. Caves, who co-authoredthe FAS investigation on Harvard's benefits reviewtask-force...
...Indeed, you probably have to most of the time. No board of directors is going to question you too quickly for hiring stars with a track record and putting them in genre vehicles that have some prerecognition value. Even when one of these flops, you can always invoke the prudent-man defense. Hey, I did it by the rules; it's not my fault if they didn't come...
...nothing wrong with that. A healthy dialogue with readers can be productive, but it also tests some of the rules and conventions of the Net. Though the context of most bulletin- board exchanges is closer to that of a cocktail party than it is to a press conference, prudent journalists must assume that their E-mail postings carry the same legal risks as print or broadcast information. But the law in cyberspace is still being written. In most ways, however, reporters are finding online reporting not all that different from the old-fashioned kind. Many are even heartened...
...prudent wannabe, recognizing the pitfalls inherent in this enterprise, finds a new affinity group--preferably one oriented toward law and economics. The intellectually adventurous wannabe, takes a vow of poverty, digs in her heels and prepares for a bumpy ride...