Word: sheetings
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...shiny baby grand piano stands in the center of the room, covered with sheet music and pictures of the choir posed with dozens of celebrities ranging from Bill Clinton to Michael Jackson...
...central bank. Then, after 18 years there, he left in January 2000 to run the Agricultural Bank of China, the country's most indebted and overstaffed lender. Shang, like his counterparts at other banks, boosted profits by laying off thousands of workers and cleaned up the balance sheet by writing off a slew of bad loans. Still, his brief tenure hardly distinguished him as a trailblazing reformer destined to head the CSRC. His ex-colleague says, "It was a political appointment, and not necessarily based on merit...
...surprisingly, WorldCom's rivals, concerned that the company could emerge from bankruptcy with a clean, debt-free balance sheet and start another destructive price war, aren't so quick to forget the past. In recent months, they have been lobbying to have the company liquidated so the whole firm, not just a few top executives, ends up paying for its gross misconduct; it doesn't help matters that Ebbers, who may have to declare personal bankruptcy, still hasn't been charged with anything...
...light and heavily reliant on intellectual capital, Enron rewarded innovation and punished employees deemed weak. Those ideas were New Economy chic, and to some extent retain currency. Energy traders still use financial instruments that Enron pioneered in order to hedge against price swings. As for those notorious off-balance-sheet partnerships, "they can be used legitimately for financing projects in high-risk countries," says Michelle Michot Foss, an economist at the University of Houston...
...swiftly shaken up the debt-burdened telephone giant: he eliminated three board positions and added two division heads to give those closest to the markets more influence. He's also considering reducing DT's stake in T-Mobile USA (formerly VoiceStream) to shift some debt off the balance sheet. Investors hope Ricke can duplicate the magic he performed as DT's wireless boss in Germany, where he recaptured market leadership from Vodaphone...