Word: sectored
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What you see in top management positions in government agencies is no different from what you see in the private sector. There, as in government agencies, incompetence rises above capability. Promotion is more about who you know than what you know. After 30 years in the business world, and the past 15 at a management level, I have watched empty suits move up the ladder because of their politics and presentation rather than their productivity and competence. We are losing our edge in the global-business arena because of that, and the nation is suffering...
...began to home in on oil and gas stocks. He had never liked them, knowing that oil prices had fallen in real terms over 150 years while demand had grown at a desultory pace?"a formula for a bad long-term investment." Still, after years of lackluster performance, the sector was cheap, so he drew up a list of buys, like Devon Energy, Apache and XTO Energy. But he never bought them. "I was preoccupied with other things," Miller admits. "When I got around to doing it, the prices had moved up about 5%, and I don't want...
...cabinet, including the important Foreign and Finance Ministries. Merkel's Christian Democrats will control six spots, including Economics, Defense and Interior. Schroeder's political future is uncertain - he will not serve in the new government and is widely expected to take a job in the private sector once the new government is sworn...
...began to home in on oil and gas stocks. He had never liked them, knowing that oil prices had fallen in real terms over 150 years while demand had grown at a desultory pace--"a formula for a bad long-term investment." Still, after years of lackluster performance, the sector was cheap, so he drew up a list of buys, like Devon Energy, Apache and XTO Energy. But he never bought them. "I was preoccupied with other things," Miller admits. "When I got around to doing it, the prices had moved up about 5%, and I don't want...
...position will put you a little bit in a fishbowl.” In other words, the scrutiny that the top job at HMC comes with has turned away top talent. And that doesn’t even take into account the pay cut anyone moving from the private sector to HMC would take...