Word: sys
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...Merton says.HUMAN ERRORQuantitative techniques may have generated inaccurate predictions, but the final responsibility for the poor decision-making that ensued rests with the individuals involved and not the forecasting methods, many economists said.“Models are nothing but an extension of human beings,” Merton sys. “In the real world of finance, no one turns the computer on and walks out the door.”But in the last few years, a trickle of physicists, computer scientists, and mathematicians to Wall Street has diluted the level of understanding of the formulas...
...bloom is coming off the boom. Foreign buyers have scattered, and Khan now has to drum up customers over the Internet or with magazine ads. "No one's got cash in their account," sys Khan. "Now in the back of their mind everyone is thinking, is this going to be the crunch...
...asking what it felt like to lose their jobs. Executive recruiters bustled around, extending business cards to anyone whose suit suggested he or she might be a banker. A man leaning against the building's facade held aloft a printed sign on white letter-sized paper: LOOKING TO HIRE SYS ADMIN. Most employees passed through the scrum without acknowledging...
...nation. "We changed the lifestyles of the people here," Sy beams. The empire continues to grow in size and sophistication. SM operates 17 malls and plans to open two or three more each year until 2008. The company has also entered the booming China market, and eventually the Sys want to diversify into commercial real estate and tourist resorts...
Still, the Sys worry that in bringing in outside managers, something important might get lost. The collegial atmosphere they have created can't be found in any ordinary boardroom. At a business lunch in Manila, members of the family, each striving to talk over another, banter happily about malls, politics, their kids. When Sy declares, "I've never had an inferiority complex," Henry Jr., the eldest son, quips, "only shopping complexes." The family bursts into gales of laughter. The trick will be preserving what Tessie calls a "continuity of culture," preserving that family spirit even as the Sys' role diminishes...