Word: shifts
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Dates: during 1990-1999
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...moral reasoning -- and by mastering the former, fail miserably in the latter. An industry of financial advisers is developing to help steer parents through the aid process, which often means cutting some ethical corners. Some companies charge parents fat fees to "guarantee" funding, often by showing families how to shift assets and hold down reportable income so that they qualify for more...
Stempel's ouster is a landmark in the growing shift of power from U.S. managers to corporate directors, who had traditionally been viewed more as rubber-stampers than real decision makers. As recently as the mid-1980s, not even the bellicose presence of Ross Perot on GM's board could persuade the firm to shift gears or change direction. "I did everything I could to get General Motors to face its problems," Perot said in the presidential debates. "They just wouldn't do it." Rather than heed Perot's exhortations to cut executive perquisites and streamline the bureaucracy, GM spent...
...success of its Pontiac GTO and other trend-setting muscle cars. When buyers flocked to small cars during oil crises in the 1970s, GM's failure to produce a winning model was ominous. "They had become so arrogant and efficient at defining trends that when a fundamental shift took place, they failed to adapt," says Shaiken. "They couldn't do anything radically different from what they had done before." The company's rush to downsize at the end of the decade led to the notoriously shabby quality of its X-car line...
...biggest challenge will be to shift from the top-down style of management that has characterized the company since Alfred Sloan to a more collegial style in which everyone from the shop floor to the executive suite participates in decision making. That is no longer a revolutionary idea among GM's rivals or industry at large. Ford developed its Taurus using nearly autonomous teams of workers, and Chrysler last year opened a mammoth $1 billion technical center that will bring together 6,000 technicians, designers and engineers to work on joint car projects. Perhaps not surprisingly, Ford and Chrysler have...
...department was formed "in recognition of the shift in patient care from in-patient hospital care to an out-patient setting," said Alan G. Raymond, vice-president of Public Affairs at Community Health...