Tips from The Wall Street Journal’s reporters and columnists, adapted from The WSJ Complete Small Business Guidebook (Three Rivers Press, 2009).
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These are examples of general scenarios. The CEO is not always the chairman of the board, and the president is not always the COO. The ultimate goal in corporate governance is to effectively manage the relationship between owners and decision-makers and increase shareholder value . (See also: The Basics of Corporate Structure .)
However, there are occasional exceptions to the rule, such as in the period following the 2008 crisis, when more credit is actually paid back then is created. We already established that not all credit is necessarily inflationary. To the extent that lending is based on time deposits or CDs – instruments in which the owner of money temporarily relinquishes the use of his funds – the extension and payback of credit will not alter the money supply.
That’s not to say that the phrase “none the less” does not long predate the twentieth century. A Google Books search for “none the less” turns up matches from the early 1700s, such as this example from A Review of the Affairs of France (March 13, 1705):
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