Word: stakes
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...Ratan took over from J.R.D. in 1991. India was beginning economic reforms, and, with state-sponsored monopolies on the way out, the new chairman saw the need to overhaul the firm's culture. He raised the conglomerate's stake in all its companies to a minimum 26%. And he ordered each to meet performance targets to be first or second in its industry, and to meet quantified goals for leadership and innovation or be sold. Most shaped up. Tata Steel, for example, shed half its 78,000 workers between 1994 and 2005 using retirement and voluntary redundancies to lower costs...
...Central City, the working-class neighborhood sandwiched between New Orleans' downtown core and the historic Garden District. The neighborhood was dark for months after Katrina, but residents began returning in large numbers this spring, some to repair damaged homes and a dangerous few, law enforcement officials say, to stake out territory in the city's gang wars...
...Cincinnati, is just one-tenth that rate in Pittsburgh. As a result, contractors' costs for recruitment and training are significantly lower. "For a community and its families, wage gains for low-income workers mean the difference between living precariously at the edge of the economy and having a stake in the American Dream," says Beth Schulman, author of The Betrayal of Work: How Low-Wage Jobs Fail 30 Million Americans...
...didn't disintegrate with their city after the floods. Hope brought Bombay together and keeps it together. "Look at Dharavi," he says of the city's notorious slum, the biggest in Asia. "The place has a GDP of $1 billion a year. Dharavi makes you realize everyone has a stake in keeping Bombay going." One day all those millions of expectations will have to be satisfied. But for now, the City of Dreams is living up to its name...
...Central City, the working-class neighborhood sandwiched between New Orleans' downtown core and the historic Garden District. The neighborhood was dark for months after Katrina, but residents began returning in large numbers this spring, some to repair damaged homes and a dangerous few, law enforcement officials say, to stake out territory in the city's gang wars...