Word: turnarounds
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...Ogilvy & Mather ad agency, she received a surprise visit from boss David Ogilvy. He asked Lazarus, who was eight months pregnant, how she was doing and what her career aspirations were. And when IBM CEO Lou Gerstner--a notorious tough guy--first came aboard to lead a turnaround in 1993, he took a democratic route, relying on "advice from colleagues who knew a heck of a lot more about IBM and this industry than I would ever know...
...were wrong." When Senator Bob Torricelli of New Jersey said those words in a hearing last Thursday, it marked a dramatic turnaround. For years, Congress has aided the accounting industry's efforts to avoid new auditing rules. Torricelli is one of many lawmakers (including Connecticut Senator Joe Lieberman) who have pressured the SEC several times over the past decade to back off on tougher regulations for auditors. Clinton-appointed SEC chairman Arthur Levitt tried to enact rules that would have kept firms from auditing and consulting for the same clients and forced companies to publicly disclose more liabilities, such...
...much more than people expected from an actress whose resume highlights were the nurse you didn't notice in Pearl Harbor and a character who didn't make it to the screen in Woody Allen's Deconstructing Harry. No one seems to find the turnaround more risible than Garner herself. "It's like, let's just go quietly into the corner, absorb it and live with it for a while," she says. Thanking those who cast her in Alias during her Globes speech, she joked, "I know I was great in Dude, Where's My Car? but seriously...
Aside from defensive issues, another contributing factor to the stunning turnaround was problems with offensive execution. Compared to the respectable 48 percent shooting from the field in the first half, the Crimson only converted on 30 percent of its shots in the second half (20 percent from the three-point line...
...important trigger for this turnaround, surprisingly enough, was vaccine research's most notable failure. In the 1980s, as the AIDS epidemic began to spread, scientists tried to fight it as they had polio and chickenpox--by crippling the virus and using it to train a patient's immune system to ward off the real infection. Nobody really understood how the process worked at the molecular level, but until AIDS came along, that didn't matter much...