Word: prudent
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...make a significant difference in firm performance. He hoped that firms can benefit from these results by realizing that hiring star workers will not guarantee that the worker will succeed in the new environment. The authors also had advice on an individual level. Abraham said that individuals should make prudent career decisions, and when transferring to a different job, the individual should consider how his success will be related to his co-workers. Groysberg said that he will continue to conduct research on individual performance to better understand how to optimize a firm’s success...
...numerous proposals and initiatives related to faculty development and diversity. In order for the process to be effective though, everyone needs to be honest about his or her intentions. If the Dean does not favor a bill, she should honestly state that opinion, though it may be more politically prudent to use bureaucratic intrigue and encourage someone else to undertake the vetting process while she personally offers minimal support. Many precious hours of time can be wasted on such maneuvers, trying the patience of even the most persevering agents of change for the good of students. I believe that...
...Finn, who will step down as superintendent in four months, is expected to present several formal recommendations to the school committee in November. In December, the committee will make the final decision on whether to proceed with any plan of action. But Grassi emphasized that the committee would be prudent in their decision making. “I would think the committee would not rush any recommendations through [due to] the sheer fact that he’s leaving in February,” Grassi said. “It’s very difficult to pass something for someone...
...compounded by other factors. A system of remunerating bankers with fat bonuses based on the volume of business done, irrespective of the quality and future profitability of that business, did not help. A variation of Gresham's Law was also at play, with imprudent lending driving out prudent lending. This tends to occur as responsible institutions see their market share fall while those of irresponsible institutions rise, and decide to emulate the reckless practices they previously eschewed. The phenomenon was particularly prevalent in the mortgage market. Central bankers cannot escape censure, either. In his memoirs Alan Greenspan, former chairman...
...righteous rage, there was a refusal to admit that in many cases Wall Street's sins are also our own: the average American has nine credit cards with a $12,000 balance; we don't save; we overreach; and together we've created a situation where the prudent who lived within their means are expected to pay for the recklessness of both their neighbors and their leaders...