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To understand why people of the Middle East responded to Abu Ghraib with horror, one needs to recall the legacies of state violence in this region over the centuries. In the beginning, Muslim states did not carry forward many of the worst tortures (including crucifixion) of the Persian and Roman...
Of course, some people are naturally conservative; they avoid taking a position whenever possible. They just don’t want to have to go out on a limb when they don’t know the genus of the tree. For these people, the vague generality must be partially...
What are today's companies looking for in a shiny new CEO? Talk of vision and synergies has been replaced almost everywhere by a laser-like focus on profitability. Debt and heavy-handed micromanagement are out; sustainable earnings and delegation of authority are in. Some corporate crises, such as Parmalat...
One obvious yardstick of success or failure is stock price. The companies whose stock is bouncing back the fastest are usually those whose new leaders have acted most quickly to tackle their core problems. In Britain, Cable & Wireless stock is up 50% since Italian turnaround expert Francesco Caio took over...
By the same token, the management skills needed to restore a crisis-ridden company to profitability may not be the same as those required for years of sustainable growth. "CEOs don't singlehandedly turn around a large organization," says Paul Coombes, a director of corporate governance at McKinsey & Co. "The...