"Most executives will assume if they haven't heard something, the news isn't going to be positive."
The executives are assuming their new roles at a time of sluggish growth in both divisions.
He said that executives who took out such loans might be assuming that they would never be forced to repay if things went wrong.
The group's executives assume the management responsibilities and receive a nonvoting 12.5 percent of the common stock as a fee.
Two executives will assume her duties at the New York office, each with the title of vice chairman and co-creative director.
The president and chief executive, David A. Arledge, will assume the additional title of chairman.
But for now, most executives are assuming that China will keep on growing.
As the nation moved to world-power status, the chief executive assumed greater authority.
The executive assumes the role not of parent or friend or adviser but a bit of all three.
The executive, which already proposes contracts to the board, might assume total responsibility for contracts.