Word: succession
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Dates: during 2000-2009
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...Hall's success in calling the oil market is what has led him to demand higher pay than most. In 2003, Hall had the belief that the price of oil would rise dramatically in the next few years. Back then, oil was trading at around $30 a barrel, and coming out of a recession few thought prices would rise anytime soon. So Hall bought so-called long-dated oil-futures contracts that would pay off if the price of oil topped $100 at some point in the next five years. Because Hall made a bet oil would reach a price...
...humble. Born in a village not far from Mandalay, Burma's last royal capital, he dropped out of high school and worked in a post office before joining officer-training school and rising up through the military ranks, specializing in psychological warfare. Unquestioning loyalty was "the secret of his success," says Benedict Rogers, co-author of a forthcoming book called Than Shwe: Unmasking Burma's Tyrant. "He always followed orders. He was never seen by anyone as a threat, and therefore was rewarded with promotions, precisely because he didn't really demonstrate any flair or initiative...
...fans will take a hike. That's the central notion of this illuminating book. Maney, a veteran business journalist, calls this dichotomy the "fidelity swap." He argues that there is an inevitable tension between fidelity (quality and snob appeal) and convenience (low cost and ease). The secret of success is deciding which type of product you are selling and staying true to that goal...
...services. You may be able to save hundreds of dollars a month right there. Refinance the mortgage while rates are still low. Use any new savings to pay down your highest-rate credit cards first. An alternative approach is to target your smallest debts first in order to experience success and build momentum to pay off larger loans. Once you've paid off a debt, apply the full monthly savings to other debts and long-term savings. (See how Americans are spending...
...private, I told him I thought he was making a mistake in downplaying the fraud. When the press learned of our disagreement (through no fault of ours), U.N. Secretary-General Ban Ki-moon removed me from my post. This is an account of what went wrong - and why success in Afghanistan will remain beyond our grasp until the problems I witnessed are fixed...