Word: turnoveritis
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The most frenetic dealing comes in financial futures and options--commitments to buy or sell a stock on a given future date for a given price. While turnover in options is huge, Cabot says, "it's not a strategic change, but looking for noise within the strategy, finding opportunities, looking...
Attendance is another problem that Epps feels is plaguing the Council, and he cites its frequent turnover of some seats which members forfeit once they miss three meetings. This, he explains, may be indicative of a lack of interest in the council which could ultimately cause its downfall if there...
But what about the infamous corruption traditionally associated with unions? The authors claim that its prevalence is simply exaggerated. "There are more crooked businessmen than union members," says Freeman. Both he and Medoff, who describe themselves "in their 30s," say that the extortionate behavior of unions is isolated and overpublicized...
At the same time Medoff was doing work on internal labor markets, Freeman was publishing reports for the Department of Labor and the American Economics Association on the positive effects unions have on productivity because of reduced turnover. After meeting at Harvard, the two decided in 1976 that by pooling...
Members' top concern is how democratic their union is, argues Associate Professor of Economics James L. Medoff, and while there's a "lack of [leadership] turnover at the national level, ...there's a lot of turnover at the local level."