Word: seniorities
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...making strategic acquisitions, including the purchases of Cazenove Asia, a regional stock brokerage, and a 75% stake in another broker in India. Just as important, Sands has been beefing up the management ranks by hiring experienced bankers from troubled competitors. Since August 2007, StanChart has brought in about 100 senior executives from the likes of Bear Stearns, Lehman Brothers, Citigroup, UBS and others. "I think there are opportunities for us to significantly strengthen our franchise," says Sands. Analysts believe StanChart's nuts-and-bolts approach will continue to serve it well. "They are taking on less risk but making more...
...first time since assuming office in April, Israeli Prime Minister Benjamin Netanyahu endorsed the prospect of establishing a demilitarized Palestinian state. Netanyahu's departure from his hawkish stance against statehood was welcomed as a "positive movement" by President Obama, who has pressured Israel to resume peace efforts. But senior Palestinian officials vehemently rejected Netanyahu's statements; negotiator Saeb Erekat said the Prime Minister's intransigence on crucial sticking points--like his insistence on demilitarization and refusal to consider the dismantling of Israeli settlements in the West Bank--"closed the door to permanent-status negotiations...
...will open up new routes to nine cities in Europe and North America. And VisitBritain, the official U.K. tourism body, is running a $2.6 million ad campaign urging foreigners to "see more of Britain for less." "The pound isn't going to be this weak forever," says spokeswoman Hayley Senior...
...roles, playing the part of idealized men to perfection. Gone is the belching, unkempt, groin-scratching oaf of everyday reality; in his place stands an elegant, considerate dandy, ever ready to open doors and produce bouquets. "Not just any man, but more like a man than men," says one senior Takarazuka staffer...
...appeared prominently as shock troops in quelling urban dissent after student demonstrations that initially sought greater freedom for the press. "Increasingly, Sepah used the Basij as a force for indoctrination and in the role of a watchdog group on campuses, factories and even tribal units," says Frederic Wehrey, adjunct senior policy analyst at the Rand Corp., who has done several joint studies on the Sepah. "The aim was to militarize civil society to prevent currents that the Islamic republic is opposed...