Word: trusts
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Meanwhile, GM, rather than pushing for wage cuts, is demanding sweeping changes in work rules that would make it easier for the company to staff its plants with temporary workers as well as changes to the funding of the retiree healthcare trust or VEBA. Both GM and Chrysler agreed to fulfill their obligations to fund the VEBA with stock as well as cash, as required by the terms of the Bush bailout. But the automakers cannot unilaterally change the terms of the trust, so it's on the negotiating table...
...makes them idiots. Before they've even gotten out of Charles de Gaulle Airport, they have blithely given their Paris address to a suspiciously friendly fellow who, in short order, dispatches some rough types there to kidnap the girls. The second message of this French-made film: Don't trust the French...
...media élite; eBay and Amazon are forever altering the relationship between buyer and seller; a single disgruntled customer with a website can ruin a company's reputation. Google, which now handles some 70% of U.S. Internet searches and has become one of the world's most trusted brands, sits at the nexus of these changes. If beleaguered captains of industry hope to survive in the Internet age, Jarvis argues, it's worth considering what Google might do in their increasingly uncomfortable shoes. Jarvis, proprietor of the influential media blog BuzzMachine, gleans maxims from Google's successful strategies that occasionally...
...last 12 years, and before that was an enforcement prosecutor at the SEC. Wallace is now partner at the law firm Foley & Lardner, chief counsel of its financial industry regulatory authority practice. "Within a few months of coming on board at FINRA, Mary brought charges against Banker's Trust Securities," Wallace says. "She jumped right in, she beefed up enforcement, and wasn't afraid at all to take on powerful interests. She was an enforcement officer once, and enforcement officers are motivated by bringing big cases, they want to show they can go toe to toe with the biggest...
...judge suing his dry cleaner for $54 million for allegedly losing a pair of his pants: "It illustrates again an important truth about human nature-that angry people can go nuts. This in turn illustrates an important point about how to run a system of justice: We can't trust people to be reasonable when they get involved in lawsuits. What was most shocking about this case was not the idiotic claim, however, but that the case was allowed to go on for more than two years-complete with sworn testimony on how the cleaner maintains its laundry tickets...