Word: stewardship
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Checchi's management skills have been coming under attack by Davis, who is buying heavy TV time to slug away at Checchi's stewardship of Northwest Airlines, which he acquired in a 1989 leveraged buyout. Checchi portrays his time at Northwest as a classic "white knight" tale--spent reforming management and saving the airline--while Davis says Checchi's takeover saddled the company with so much debt that he drove it to the brink of bankruptcy. There is truth to both claims: Northwest is healthier now than it was before Checchi came along, but during the recession...
Holbrooke is generous in praising his colleagues. In particular, his appreciation of Secretary of State Warren Christopher's contribution should go a long way toward countering the scathing criticisms of Christopher's stewardship that were fashionable at the time. Christopher gave Holbrooke an "unprecedented degree of flexibility" and was always prepared to wade in himself if needed. He emerges as one of the heroes of this strange epic...
...there is a limit to how thin this rationale can stretch. After two record breaking years of endowment growth, the University can certainly reward itself for its good stewardship by opening the bank vaults just a little--enough to fund those needs that Harvard students have been clamoring about for years, such as smaller classes, better advising, remodeled athletic facilities. Just how much money is this mere 1 percent? Last year, the University collected $147.9 million in undergraduate tuition. $111.6 million could wipe out 75 percent of this...
...there is a limit to how thin this rationale can stretch. After two record-breaking years of endowment growth, the University can certainly reward itself for its good stewardship by opening the bank vaults just a little--enough to fund those needs that Harvard students have been clamoring about for years, such as smaller classes, better advising, remodeled athletic facilities. Just how much money is this mere 1 percent? Last year, the University collected $147.9 million in undergraduate tuition. $111.6 million could wipe out 75 percent of this...
This year's list of nominees was typically eclectic. Should we honor the Scottish embryologist Ian Wilmut and his immortal cloned sheep Dolly? What about Tiger Woods' thrilling 350-yd. drives into history? Or Alan Greenspan's steady-on-the-tiller stewardship of America's ongoing economic boom? Or--of course--the life and death of Diana, Princess of Wales...