Word: facedness
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McDonald's (MCD) faced the issue several years ago. Its new CEO at the time developed cancer and eventually died. MCD named a temporary chief executive and told the world.
You know the rest of that story. Citi is now on life support, owing its continued survival to $45 billion--so far--in federal aid. Its beleaguered top-management team is trying to undo most of the 1998 merger with Travelers. And the new Obama Administration is faced with the...
A prolonged winter break discourages these kinds of social activities. Under the current system, one can spend reading period at Harvard and a week-long intersession with friends; faced with a three-week long “J-term” in January, on the other hand, many students will...
As for our common defense, we reject as false the choice between our safety and our ideals. Our Founding Fathers, faced with perils we can scarcely imagine, drafted a charter to assure the rule of law and the rights of man, a charter expanded by the blood of generations. Those...
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its...