Word: reines
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...backing down on the reform of the bonus system, so Buffett may have lost this battle. Salomon is beginning to resemble the Pittsburgh Pirates, with the high-priced talent going elsewhere. Again, it's like baseball, with the rival owners hoping that Buffett somehow succeeds so they can rein in the salaries of their players, but still paying Salomon's defectors everything they want. The system needs reform, and we haven't heard the end of this...
...venerable London-based investment bank [Cover Story, March 13]. You captured the vapid and temporal nature of expatriate high life in Singapore, of which Leeson was a part. Managers of companies dealing in the most sophisticated and arcane financial instruments have to master Basic Management 101. Unless they rein in their employees, another debacle of Barings' magnitude could occur in the near future. Financial regulators should be even stricter in the wake of the disasters associated with derivatives. However, responsibility for the misguided actions of the culprits ultimately rests with them and the colossal financial firms that employ them. Robin...
Last week, as the House of Representatives voted for legal-reform measures as part of a Republican pledge to stanch the tide of frivolous lawsuits and to rein in society's litigious ways, the anecdotal evidence of the reformers' nightmares was nowhere stronger than in Barbour County. Last year juries in Alabama awarded $200 million in punitive damages, some of it in cases where actual loss was minuscule compared with the damages. "Alabama is off the charts," said George Priest, a Yale University professor of law and economics. "Lawsuits used to be about restitution. Now Jere Beasley goes into court...
...which are embodied in legislation already approved by the House and Senate-speak of dropping "unfunded mandates," improving "risk assessment" and protecting "private-property rights." Yet in the opinion of the greens and the Clinton Administration, these are code words signaling a determined G.O.P. effort not only to rein in government regulation but also to hamper enforcement of every major environmental law, from the Safe Drinking Water Act to the Endangered Species...
...strapped onto his waist, starts to harass the kids with questions about why they are here to see Michelle Pfeiffer. The cattle truck suddenly starts to back up, almost crushing the little girls. They are rounded up by their teacher, who flails her arms wildly in an attempt to rein in the class...