Word: backlasher
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...nationalist upsurge in other parts of the Soviet Union has triggered a backlash in Russia, by far the largest and most populous of the country's republics. Tired of the slogan OCCUPIERS, GO HOME scrawled on walls from Vilnius to Baku, an increasingly vocal minority of ethnic Russians are demanding more respect and a better deal for their maligned republic. If anyone has suffered from 72 years of Communist rule, they say, it has been the Russians. They witnessed the desecration of their national shrines, the extermination of their brightest talents, and the economic and ecological rape of their resource...
Drexel officials are shocked by the backlash, which a spokesman calls "much ado about nothing." The firm contends that many of the bonuses were promised to executives early in 1989 and that Drexel's best and brightest might have quit en masse if such rewards had not been dangled before them. Nevertheless, Drexel violated one of the cardinal rules of compensation: that bonuses should be linked to corporate performance...
...reason to fear the right-wing backlash. He fears it because he is concentrating on the Afrikaners in this country. Or on whites alone. He is not taking advantage of the potential support he might get if he adopts the policy of a nonracial South Africa. He would get overwhelming support. He has already got over 75% of the whites in this country. Therefore, if he emancipates himself from thinking only of Afrikaners and thinks of whites, he will be assured of 75% of white voters. But if he expands the scope of this initiative, he will get the overwhelming...
...largely because corporate America has loaded up with all the debt it cares -- or dares -- to take on. Wall Street is suffering a dearth of deals, but no one is shedding tears for it. The flashy wealth displayed by investment firms has created a backlash on Main Street, which watched with mounting fury as Wall Street got rich through paper-shuffling deals that manipulated companies at the expense of workers and communities. "There's a lot of pent-up anger and disgust with behavior on Wall Street," says Samuel Hayes, an investment-banking professor at the Harvard Business School...
...bankrolled corporate raiders and often seemed consumed by vanity, ego and greed. Drexel vanished almost overnight last week when its parent company, a victim of the very junk-bond market that Drexel had created, filed for bankruptcy. The firm's legacy is a debt-laden corporate America and a backlash against excess...