对某些机构来说，越积越多的损失使它们为市场危机准备的缓冲资本变得不堪一击。

At some institutions, mounting losses are making the cushions of capital held for times of crisis look increasingly threadbare.

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对钱德勒而言，是管理者在耐心地建造和经营大型机构，他们才是工业时代真正的英雄，并且，管理者不像某些浪漫主义者所教的那样，是不可靠的企业家。

For Mr Chandler it was managers, patiently building and running large organisations, who were the real heroes of the industrial age, and not fly-by-night entrepreneurs, as some romantics taught.

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公司已经开始对某些臃肿过度的高层管理机构进行轻微削减，但恩德斯（Enders）女士说公司仍存在太多薪金过高的高管。

Some light pruning of the over-heavy top management has begun but, says Ms Enders, the corporation still has too many overpaid chiefs.

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