The fact that Morgan Stanley's board has hired Spencer Stuart 's Tom Neff Tom Neff to look outside the firm for candidates doesn't bode all too well for Zoe Cruz Zoe Cruz and Steve Crawford Steve Crawford, the up-and-comers who were handpicked by Purcell to be his new co-presidents in a late-March senior management shuffle that precipitated the turmoil at the company.
To achieve this, and to prevent an economic collapse, we were forced to extend assistance to some of the very banks and financial institutions whose actions had helped precipitate the turmoil.
In the past, many countries that pursued expansionary credit policies to avoid economic turmoil precipitated only a deeper crisis.
Napoli's decline was more gradual, the team finishing fourth the next season before commencing a protracted and painful fall from grace, precipitated by boardroom turmoil and mounting debts.
Leary collaborated with others at Harvard to conduct and accomplish successful research, but the psychological complexity and turmoil precipitated by work with such powerful substances eventually led to Leary and his psychologist colleague Richard Alpert (later Ram Dass) getting kicked out of the University in 1963.
The majority of these children come from Guatemala, Honduras and El Salvador – three of the many countries ravaged by civil strife, drug wars and economic turmoil precipitated by US political and military intervention over several decades, as well as free-trade regimes and the corporate plunder of Latin America's natural resources.
The ensuing political turmoil has precipitated high inflation and job losses.
They would have to default on their debts, precipitating global financial turmoil that may be beyond the capacity of authorities to contain.
"Unlike other times of turmoil in the market, the current stress wasn't precipitated by problems in the real economy," Treasury Secretary Henry Paulson told me at the outset of this crisis in 2007.
The Fed's announcement brought calm on a day of market turmoil that raised painful memories for some of 2008, when the financial crisis froze capital markets and precipitated a similar rush for safety.
Barely had the trans-Atlantic partners gotten over that discomfort than the divisive partisan politics of Washington precipitated a government shutdown and brought the United States — and thus Europe and the world — to the brink of default and economic turmoil.
