Word: shun
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Dates: during 2000-2009
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...smattering of hospitals and clinics create drug-rep-free zones, PHRMA spokesman Jeff Trewhitt points out that doctors who shun salesmen also forgo the free samples, which are often used to treat indigent patients. Nevertheless, physicians are relying less on sales pitches and turning instead to unbiased sources like the biweekly nonprofit Medical Letter medletter.com to get the lowdown on new drugs. The crusade is also making inroads among a new generation of doctors who haven't yet experienced drug-company largesse. The American Medical Student Association is trying to ward off drug reps who try to cozy...
Snootiness, of course, remains a hallmark of the wine trade. Some boutique vineyards in California's Napa Valley don't want their wines merchandised in stores that also sell gallon-size containers of French's mustard, so they shun Costco. Andrew says, "They don't understand that the demographic of our members is so high." Nor do they appreciate that a lot of wealthy folks got that way because they have an eye for a bargain. --By Daren Fonda/Dallas
...Basri sliced his 2003 GDP forecast from 4.4% to 3.7%. (The World Bank estimates that Indonesia needs at least 6% growth to create enough jobs for its burgeoning workforce.) Daniel Lian, an economist at investment house Morgan Stanley, says economic revival throughout Southeast Asia could be jeopardized if investors shun the region. As a result, he says, "Economies would be further marginalized and geopolitical risks raised in a vicious cycle...
...years ago, it was fashionable to shun foreign investments, not just because U.S. stocks were the toast of the world but, some reasoned, because you get international diversification by owning global companies such as General Electric and Gillette or the mutual funds that hold them. That logic always sounded a bit twisted to me. When the air gets let out of a market, few stocks are spared, no matter where they derive their profits. Gillette and GE, for example, have been cut in half from their highs...
...FEED YOUR MONEY TO PIGS Read the proxy statement at sec.gov (click on "SEC Filings & Forms," then on "Search for Company Filings"; then enter the name of the stock). I would shun any company that pays a manager more than $100 million a year in cash and stock. Make sure that none of the top managers used to work for the firm's "independent" auditor--and that the firm isn't lending millions to its bosses, as WorldCom did. (Check the "Related Parties" section of the financial reports...