Word: tailspinning
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...stands out as a particularly bad day for Ken Lay. As word circulated that the energy giant he founded was under investigation for balance-sheet shenanigans, the CEO tried to pull Enron's stock out of a tailspin by arranging a special conference call with analysts. "We're not trying to conceal anything," he told them. "I'm disclosing everything we've found." After Lay got off the phone, he gathered Enron's thousands of employees via a live webcast and video teleconference, and tried to reassure them too. "Our liquidity is fine," he said of the company that...
...Crimson lost control of its own destiny with a 1-0 loss to Princeton on a 80th minute goal with Ara, Lobach and sophomore Jason Anderson missing from the lineup due to injury, and Harvard’s season went into a disappointing tailspin...
...travel advisory, urging " persons planning to travel [to Toronto] to consider postponing all but essential travel." Meanwhile, Toronto city officials are furious with the announcement, claiming the WHO's decree is premature, and arguing the resultant decline in tourist and business traffic could send the city into a financial tailspin. The mayor has asked the WHO to repeal the advisory...
WATKINS: I think it's the value system at the top. [Cooper and Rowley are nodding.] It's very important that the leaders set the tone. Remember the Tylenol-tampering scare? It threw the company into a tailspin. [But] the chairman of Johnson & Johnson came in, supposedly, and said, "I just looked at our value statement. We have got to do the right thing. We are pulling every bottle of Tylenol off the shelves worldwide." It cost them $300 million to do, but they set the standard for tamper-resistant products, and in the long run he saved consumer loyalty...
...once-promising season has regressed into a tailspin for the Harvard men’s lacrosse team, as the Crimson was routed 18-4 by No. 11 Princeton Saturday at Jordan Field...