Word: unloading
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...These allowances have little to do with consumers and add complexity to operations. Yet the industry has relied on them for profits--instead of, say, finding and selling the stuff that shoppers really want. Grocery manufacturers, who have leaned on the allowance system to help launch new products and unload unpopular ones, were forced to shift gears because Wal-Mart forgoes all allowances and simply negotiates--famously and ferociously--for a lower total price, or dead net cost...
...Dhanin, who had spent decades building a firm that now employs 100,000 people in 20 countries, found himself confronted by a bevy of bankers. HSBC was calling in about $400 million in loans made to CP, and the company didn't have the cash. Dhanin was forced to unload assets to raise money, including stakes in a Chinese motorcycle manufacturer and a brewer--companies he believed would thrive as the mainland market developed. "I was prepared to use any means to ensure our survival,'' says Dhanin. "It felt bad, but I always believed we'd get it back tomorrow...
...that the rich Yankees got A-Rod at a subsidized price just by being smart. Baseball's most expensive, egregious contract was given to Rodriguez three years ago by the Texas Rangers: $252 million over 10 years, much of which they will still have to pay to unload him. Imagine how much more they would have given him if President Bush were still the Rangers' owner. That guy loves giving rich people more money...
...that the rich Yankees got A-Rod at a subsidized price just by being smart. Baseball's most expensive, egregious contract was given to Rodriguez three years ago by the Texas Rangers: $252 million over 10 years, much of which they will still have to pay to unload him. Imagine how much more they would have given him if President Bush were still the Rangers' owner. That guy loves giving rich people more money...
...started, on the morning of Dec. 27, 2001. Bacanovic, 41, was on vacation in Florida, and Faneuil had been left to man the office phones. He fielded a series of calls from family members of ImClone CEO Sam Waksal, also a Bacanovic client. They were eager to unload their shares in the biotech firm. Flustered, Faneuil called Bacanovic. When Faneuil told his boss about the Waksals, Bacanovic blurted out, "Oh, my God! Get Martha on the phone." Faneuil said he took this to mean his boss wanted to warn his prize client to sell her ImClone shares. But Bacanovic...