Word: corps
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Dates: during 1990-1999
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Nevertheless, U.S. corporations have staunchly defended FSCs, saying they encourage exports and make American companies more competitive with foreign producers. Jeremy Preiss, chief international trade counsel for United Technologies Corp., testified before Congress last July that FSCs are "necessary to help level the playing field on which U.S. and foreign exporters compete." Further, say advocates of subsidizing exports, the U.S. is merely doing what other nations do through a range of helpful export measures. True enough. But European companies traditionally shoulder higher taxes than American companies and help sustain elaborate social-welfare systems of the sort the U.S. has never...
...reduce capital spending significantly. Yet there was a buoyant sense that the U.S. would ride it out. "I don't think the economy is capable of having a deep downturn now if monetary and fiscal policies remain sound," says John Snow, chairman and CEO of transport giant CSX Corp., echoing the sentiments of many of his peers. "There is not a huge stock of inventories to work off. We've gone to a just-in-time type of economy. A quarter or two of shallow recession or reduced growth is all I see, and when that is finished, I think...
Given the money politicians are willing to spend, it is no wonder companies have made their assets portable--game pieces that can be moved around the board of economic development. General Motors Corp. has played the game like a champion, a classic example of a company that has secured hundreds of millions of dollars in corporate welfare at the same time that it has eliminated thousands of jobs. And, according to business analysts, GM has to eliminate 50,000 more jobs if it wants to survive the next century...
...same hysteria flows when large, fast-growing high-tech companies start shopping around for new plant locations. Intel Corp. invited six Western states--Arizona, California, New Mexico, Oregon, Texas and Utah--to compete for a new computer-chip fabrication plant, or fab, and selected the winner in March 1993. A senior executive explained the decision this way to the San Jose Mercury News: "We're going to build where Intel gets the best deal...
Underachievers Some of the Focus List's worst performers Bausch & Lomb K Mart The Limited Loews Corp. Reebok Silicon Graphics...