Word: projects
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Dates: during 2000-2009
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...year ago, he was a youthful 47. "I'm now an old 48," he says, and he's got the gray hairs to prove it. That's because CityCenter came within a whisker of not opening at all, even as it was billed the most expensive private construction project in American history and thought of among locals as a beacon of the city's resurgence from the depths of recession...
Early this year, the company was in the grip of what Murren calls an "intense, very dire liquidity crisis." MGM Mirage's joint partner on CityCenter, the Dubai World subsidiary Infinity World, had sued MGM Mirage and stopped putting money into the project. Unable to find other sources of capital, the casino company was left with two choices: walk away from CityCenter or try to work out a deal with MGM Mirage's bankers. (See the 10 worst business deals...
...fell to Murren to convince the bankers that the project was worth saving - but things had gotten so touchy that he had to ask Nevada's congressional delegation, led by Senate majority leader Harry Reid, to call the CEOs of MGM's banking partners to ask them to return Murren's calls...
...address the redesign project, HBR hired the help of two design consulting firms, both of which said the layout inhibited the communication of content, Macht said...
Everybody makes mistakes. In journalism, a profession devoted to keeping people properly informed, those errors can be embarrassing. That's why a blog called Regret The Error keeps track of the fourth estate's follies. Freelance journalist Craig Silverman started the project in 2004 after reading the following correction from Lexington, Kent., Herald-Leader: "It has come to the editor's attention that the Herald-Leader neglected to cover the Civil Rights Movement. We regret the omission." Silverman has been tracking media-related corrections ever since. Regret the Error's annual "best of" list went...