Word: smalleness
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...According to recent studies of French business, the power in the country's largest companies is still dominated by a relatively small number of men. A December review by Ernst & Young, for example, found that a mere 98 people control 43% of the voting power on the boards of the 40 companies comprising France's leading CAC 40 stock index. Not only that, but this dominant corporate core is nearly 80% French - a lopsided percentage, given that nearly 40% of the capital in those businesses is owned by foreign investors. And suggesting that the glass ceiling is still very much...
...author of its upcoming book A la Découvert des Grands Patrons (Fleshing Out the Big Bosses). "You hear and read a lot about dynamic new companies and rising CEOs, but those are the tiny exceptions to the wider rule: French business is controlled by a small élite of very powerful men free to decide things as they wish - so long as they don't screw up." (See a TIME video on doing business in France...
...Though the leading companies in France have historically been run by a relatively small and delineated class of industrialists, analysts say that circle has, ironically, grown even tighter with the rise of globalization - and is now dominated by financiers. Analyses show that a disproportionate number of people sitting on the boards of the CAC 40 companies come from the country's largest and most influential corporations - mainly banks and financial firms - giving them considerable influence over the operations of the other companies. Four executives from the French bank BNP Paribas, for example, sit on the boards of 12 other...
...says Theo Vervloet, chairman of the Belgian Brewers trade association. "AB InBev is thinking on a bigger scale and wants to go for volume rather than quality," he says. In other words, AB InBev is focusing on a grand strategy, which means that what happens in Belgium now is small beer...
...seems to me that these are ways - the Wall Street battle - to start building trust in a small way. People have had 30 years of propaganda telling them that government doesn't work. And my theory, Joe, has always been, A) A lot of people's skepticism is entirely justified. B) There's no reason that government should inherently be inefficient. C) At a time when we've got such enormous problems and such limited resources, people are going to be looking to government for help. But they want to make sure that their dollars are well spent, because those...