Word: trim
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Dates: during 2000-2009
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There have been other impediments to raider activity. Better management, for instance. Gone is the widespread corporate fat that marked the '80s. Two decades of shareholder activism and a hotly competitive global economy in the '90s have led CEOs to trim fat without prodding...
Just ask Charles Schwab. Since November, the online broker has been trying to find ways to trim costs but not staff in the wake of last quarter's 27% drop in earnings. In late November, the company announced a hiring freeze, followed by discretionary spending controls and salary reductions--50% for co-CEOs and 5% to 20% for more than 700 managers. Then in mid-January, Schwab said it would pay first-quarter bonuses in stock, not cash. And just last week, the company told roughly half its 2,600 "nonessential" employees--those not involved in customer support--to take...
...elect headed home alone in a rented white sedan. The drive was less than two miles; the destination, a neighborhood of older brick ranches and split-levels built before two-car garages came into style. The Browns' house, with Mediterranean arches along its front walk and gun-metal blue trim, is among the nicest on the block. It has a narrow front yard and a paved driveway. Derwin and Phyllis Brown's son, Robert, 18, looked out a front window to see his father, who had parked in the street, walking up the driveway with a bounce in his step...
Remarkably, all the bad headlines have yet to do real damage to Explorer sales. Ford sold a record 445,157 Explorers last year, up 3.8% from 1999. And while the sagging economy and dim outlook for auto sales will force the company to trim production of many vehicles, the Explorer isn't one of them...
...points four different times. But the Crimson would eventually get the lead back up to as much as 16 in the final seconds, as Harvard managed the clock and grabbed plenty of offensive rebounds. The Big Green, meanwhile, could not buy a three-point basket in its effort to trim Harvard's lead, connecting on just 2-of-18 from three-point range in the game...