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"It's a corporate problem".
While the tech may have worked fine, there was a different corporate problem.
It is perhaps the first constructive answer to both a government and a corporate problem.
"It is a corporate problem," said Representative Bart Stupak, Democrat of Michigan, who has been particularly critical of BP's operations in Alaska and will lead the House committee hearing, on Wednesday.
Companies need to devote as much thought to the chemistry between the boss and chairman as they do to getting the structure right.The best solution to the corporate problem is evolutionary, rather than revolutionary: pressure from activists and investors rather than sweeping legislation from Congress.
Still, there remains a question of whether the offshore tax holiday was ever really a plausible corporate problem, or one hyped by CEOs as an excuse to inflate their company's coffers and their stockholders' wallets rather than invest in new initiatives.
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That's certainly the case with New York Attorney General Andrew Cuomo's latest foray into corporate problem-solving, namely his public statement that Citigroup executives should forego bonuses this year because massive layoffs appear to be in the offing.
Consumers are often less sensitive to corporate problems.
One obvious advantage is having an outsider who thinks about alternative solutions to corporate problems.
Investors had largely ignored a new management's efforts to correct longstanding corporate problems.
Mr. Karmazin doesn't duck responsibility by laying his corporate problems on the economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com