Word: trimming
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...There perched on a wall with a pneumatic blonde is the unmistakable figure of Rick James, dreadlocks regrown and looking rather portly. When he was last seen, in the final segment of his VH1 "Behind The Music" documentary, he was Redemption Rick. Short-haired, proudly clean and sober and trim. He looked rather the worse for wear last night. Perhaps he is on his way to becoming the first musician to have a second edition of the show dedicated...
...millions of people who need them most. In the face of the widespread epidemic in sub-Saharan Africa--where more than 25 million people are HIV positive--pharmaceutical companies have been under increasing pressure to supply the developing world with cut-rate medicines. But no matter how much they trim prices on a combination-drug regimen that can cost $15,000 a year in the U.S., it's never quite enough to make a dent in countries where per capita annual income is only a few hundred dollars...
...election. And if Bush's tax cut starts to run up deficits because either it or the rest of the budget is too expensive for the economy it depends on, politicians on both sides of the aisle will have plenty of opportunities to figure out which they want to trim...
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...