Word: sunk
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...ceos to bumble onward; after all, many board members are CEOs too. But increasing pressure has forced them to oil the trapdoor. Boards, just like stockholders, don't want to be surprised. ceos such as McGinn and Procter & Gamble's Durk Jager, who was forced out in June, were sunk by overly rosy earnings projections. In both cases, the chief executive predicted better earnings than he could deliver--twice in Jager's case, three times in McGinn's. At Gillette, director Warren Buffett, famous for his long-term approach, couldn't wait forever for the stock to come around...
...Under the deal, BMG will pull out of the Napster case as soon as the company develops a for-pay version of the service that accommodates the rights of copyright holders. Bertelsmann will also chip in with a loan in the tens of millions - most of which will be sunk into developing song- and user-tracking technology, which is how royalties will be toted up - in exchange for options on as much as 58 percent of Napster...
...closed up a bit, to nearly $9, on Friday); its market value has collapsed almost $40 billion to a piddling $5.6 billion. Xerox has cut its quarterly dividends 75%, to 5[cents]. As it's not currently welcome in the bond market, where its credit rating has sunk to near junk-bond status, Xerox had to tap a $7 billion revolving credit line, setting off rumors that it might be on the verge of bankruptcy. (Xerox says there is no liquidity crisis...
...Leerhausen, two actors who seem to be playing characters in a cooler, scarier, and all around more clever movie than this one. Kim's astutely rendered, down-to-earth gothic gal and Jeff's laid-back techno slacker keep the lurching story afloat long after it should have sunk-it's just too bad that this uninspired sequel basically arrived D.O.A...
...repayment of loans has been a major problem for HOP in the past. Over the past several years repayment rates have sunk to less than 50 percent. Because the program operates as a revolving loan fund--relying on incoming payments to fund new loans--the loss of payments creates a severe drain on the group's capital...