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The efforts of Governor Kim Choong-soo of Korea's central bank, the Bank of Korea, to promote younger managers to senior management positions leads to disagreement with colleagues. The changes were not well received by older managers because of Korea's cultural traditions of respect for age and seniority in management positions. The deputy governor of the central bank expressed his diagreement in a farewell speech recently.

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Fewer CFO's are given a seat on companies Board of Directors in 2011-2012, according to research by SpencerStuart.

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With a low voter turnout estimated at 25% the United Russia Party which supports President Putin wins regional elections in Russia.

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The high risk of failure as the U.S. withdraws from Afghanistan in 2012-2013. The U.S. is handing over to an Afghan Army that faces a high desertion rate, high turnover, and uncertain loyalties. The turnover is so high that the Afghan Army has to replace a third of the 195,000 army every year. The problems from the corruption in the Karzai government, the flawed elections, and other issues have not been resolved, leaving a fragile government and a fragile army and police force as the U.S. withdraws. A decade of sacrifices in resources, lives and wounded, is at risk. A negotiated settlement in talks with the Taliban has not moved forward to create a post U.S. withdrawal Afghan government that brings in all parties. The untimely death of American diplomat Holbrooke who set up the accord that made peace in the Balkans, and the failure to get results at the talks only leaves the whole U.S. project at risk.

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Bob Pittman, CEO of radio company Clear Channel, a veteran from the AOL days, and his plans to reinvent the radio business. Radio now commands 6% of advertising revenues compared to 50% for television. His plan is to push that figure up. Radio advertising was up just 1% to $17.4 billion in 2011, according to Radio Advertising Bureau. In addition to the internet and satellite radio, new streaming music services such as Pandora and Spotify will make this difficult. Clear Channel is also struggling with $20 billion in debt.