Sucking-up gets a raise, and Lehman Brothers goes nuclear
Good day for brown-nosing, Bad day for toxic bank assets
GOOD DAY FOR: Brown-nosing, as workplace behavior experts say that sucking up to management is on the rise due to increased job insecurity. Some studies show that ingratiating yourself with your boss works, but brown-nosing can also lead to bad management decisions, ultimately harming a company. "It can be bad for business, keeping the yea-sayers around," says UC Berkeley professor Jennifer Chatman. (Reuters)
BAD DAY FOR: Toxic bank assets, as bankrupt Lehman Brothers is reportedly sitting on up to 500,000 pounds of uranium cake, nearly enough to make a nuclear bomb. Lehman, which has about $200 billion in liabilities to pay off, is waiting for uranium prices to rise before it sold off its stock. Uranium now fetches about $40 a pound, down from $55 on Dec. 1. (Bloomberg)
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