Word: problem
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...doubt. "We thought we had developed the ability to democratically resolve our issues," says Hakan Altinay, director of the Open Society Institute, a pro-democracy group in Istanbul. "We can't say that now. A society that cannot reach a consensus on its own has a serious problem." Mark Parris, a former U.S. ambassador to Turkey and a scholar at the Brookings Institution in Washington, echoes his concern, warning that for Turkish democracy the stakes "could not be higher. We're heading into a highly polarizing and divisive campaign in which the outcome is unclear...
...groundbreaking study--which is being emulated in Boston, Chicago and Portland, Ore.--was full of surprises. Among them was the sheer size of New York's problem: 70,000 students from 16 to 21--more than one-fifth of the city's high school population--were two or more years behind their peers in accumulating the 44 credits needed for graduation. An additional 68,000 had already dropped out. All told, New York's 138,000 lost and vulnerable kids made up a population larger than the combined public high school enrollment of Philadelphia, Houston and Boston...
...before Kleinfeld got a chance to solve the world's troubles, he couldn't adequately solve one massive problem at Siemens. For months now, prosecutors and securities watchdogs in Europe and the U.S. have been investigating current and former Siemens employees, including some senior executives, on various allegations of corruption and foul play. In November, police raided some 30 Siemens offices--Kleinfeld's among them--confiscating documents and detaining several executives in connection with alleged illegal bribes paid to foreign officials to win telecommunications contracts...
Kleinfeld and Hershman met in early December at the Bayerischer Hof Hotel in Munich, where the consultant sized up the Siemens boss. At one point during dinner, Hershman leaned forward and said, "Don't hire me if you've got a problem, because I'm going to find it, and if I feel misled or hindered, I will leave, and that won't be good for your company." Stirring the ice in his Diet Coke, Kleinfeld coolly replied, "I have nothing to hide...
...aftermath of Kleinfeld's decision to walk, Siemens' stock tanked. But Kleinfeld's has risen. He was hoping that three to five years down the road, people would look back and say Siemens had a problem but used it as an opportunity to become totally transparent and remodel the company for the epic infrastructure build-out that is unfolding around the world. It may still happen, but Kleinfeld's view of his handiwork will probably be that of a spectator...