Word: stewardship
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...leader proved so paradoxical to his friends or so confounding to his critics as did Menachem Begin in his stewardship of that office. He came to power in 1977 after a campaign in which he advocated continued Israeli rule of captured Arab territories. Abrasive and seemingly uncompromising, he talked incessantly of Israel's claim to Judea and Samaria, that part of Israel along the West Bank of the Jordan River that was taken from Jordan in 1967, a territory now inhabited by 1 million Palestinians...
Within the context of the University, however, we concede that the issue of responsible moral stewardship is of primary importance. If the University refuses to oversee the mission of Memorial Church, who will do so? The Memorial Church is not organized under the ecclesiastical auspices of any denominational hierarchy; her congregation is little involved in her government. If the Minister in the Memorial Church is not to be established as an absolute ecclesiastical lord, then he University which helps to finance the Memorial Church must take some responsibility for overseeing her mission and activities. And, although the Memorial Church exists...
Boutros-Ghali's predecessor, Javier Perez de Cuellar of Peru, retired with well-earned praise for his achievements as a peacemaker. He accepted the Nobel Prize for his peacekeeping forces in 1988, but his stewardship of the U.N. was flawed. He resented and resisted suggestions for change, taking them as personal criticisms. His most serious shortcoming during his decade in office was his unwillingness to bring the U.N. bureaucracy under control...
...years, former Drexel Burnham chief Frederick Joseph has spent his weekends forging metal at his country home in New Jersey. Now he's likely to have even more time to perfect his craft. Last week the New York Stock Exchange suspended Joseph for two years for his allegedly lax stewardship of the bankrupt firm, where he oversaw junk-bond king Michael Milken. The Big Board's $ rebuke prohibits Joseph from acting as a manager or supervisor at its member firms and bars him from owning a controlling interest in those companies. The penalty won't force Joseph to earn...
...faith in Captain Bob's empire and the media mogul's fitness as a manager. Two decades ago, British regulators investigating his 1969 attempt to sell Pergamon Press concluded in a report that the murky relationships among Maxwell's privately held businesses made him specifically unfit "to exercise proper stewardship of a publicly quoted company." A principal author of that report, Sir Ronald Leach, now 84, said last week, "If anybody had taken the time and trouble to read and take notice of our report, they would have seen that what has been happening recently was happening 20 years...