Word: sways
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...performs so poorly for so long, shareholders usually revolt, forcing directors to make drastic changes. But in Digest's case, the board, which is supposed to be independent, is in the grip of the CEO. That would be George Grune, 68, who because of an unusual stock arrangement holds sway over enough voting shares to remove every Reader's Digest director. Grune's power source is his role as chairman of two charitable funds established by the company's childless founders, DeWitt and Lila Wallace, who died in 1981 and 1984, respectively. The funds hold 71% of the company...
...friendly culture will soon be put to a severe test as a second wave of competitors emerges. In Boston, where Whole Foods has held sway with its five Bread and Circus stores, Star Markets, a billion-dollar conventional chain, has recently opened four natural and organic Wild Harvest supermarkets. Meanwhile, Wild Oats, while not as large, grew 75% last year and looks to become a formidable rival. In spite of that, Mackey still sees supermarkets as his main competition: chains like Albertson's and Safeway have vastly increased their natural-foods offerings. Such chains, however, may actually help organic stores...
...International Monetary Fund has so far been unable to sway Suharto from his plan, which would have dire repercussions throughout Asia. A currency collapse in Indonesia would force devaluations in Malaysia, Singapore and perhaps even China and Hong Kong. With a single selfish action, Suharto could send the entire region back into meltdown...
...Cost] is something that every student isgoing to consider," Garcia says. "But parents aregoing to be the most influenced, and they aregoing to sway [their children] one way oranother...
...believes the microchip has repealed the business cycle or deleted the threat of inflation. But it has, at the very least, ended the sway of decline theorists and the "limits to growth" crowd, ranging from the Club of Rome Cassandras to more recent doomsayers convinced that America's influence was destined to wane...