Word: shakeups
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Dates: during 2000-2009
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...last time, I'm not your messiah," groans the title character in the 1979 comedy The Life of Brian. (They crucify him, anyway.) There's an echo of Brian's panicked renunciation in a shakeup currently underway in Tibetan Buddhism - in this case, nobody's laughing, although the ending will, no doubt, be happier...
...faced by Japan Inc. The company recently achieved its long-standing goal of surpassing GM as the world's top automaker - only to run head-on into a recession far more severe than anyone anticipated. With its global sales down 4% last year, Toyota has already announced a management shakeup as well as plans to temporarily close factories for an additional 11 days over the next two months. The goal is to slash output to less than half the number of vehicles Toyota was producing at this time last year...
...because it reminds them they are not invincible. Relatively few Harvard families have been affected by the widespread home foreclosures that have struck the country in the past year. Harvard graduates tend to be among the last people to be affected by a domestic crisis, but the Wall Street shakeup puts them at a center of the storm...
...investors, all this looked good, because roads and bridges with little competition should produce a steady return via tolls for generations. But with asset prices falling and easy debt a thing of the past, some believe the Macquarie model is in for a shakeup. JP Morgan's Brian Johnson says it is "likely dead...
...Alitalia has been in need of a shakeup for years. The company hasn't turned a profit since 1999, forcing the Italian government to set up a series of bailouts that have drawn the ire of European Union competition regulators. In December 2006, then Prime Minister Romano Prodi put the government's 49.9% share of Alitalia on the selling block. Several potential buyers pulled out, and a takeover bid by Air France-KLM was blocked by the unions and the open disdain of then opposition leader Silvio Berlusconi...