Word: annually
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Dates: during 1990-1999
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Since Bill and Hillary swept into the White House six years ago, American Greetings has proudly trumpeted the First Family's annual holiday card as its greatest prize. Of late, though, some artists at the Cleveland-based company have been itching to lampoon their most famous customers, but worry about offending retailers. Sighs one illustrator: "We won't be doing any cigar gags, that's for sure...
...late '70s through the '80s. Wall Street, about as sentimental as a dollar bill, issued its own greeting to the industry recently: "Get lost soon." In a single day's trading in February, American Greetings, the nation's largest publicly owned greeting-card company, with $2 billion in annual revenues, lost $800 million in market value, tumbling 33%, to $23.25, after warning investors that dumping excess inventory would hurt near-term profits. Gibson Greetings' stock is limping along below $9, down from above $29 last year. (Industry leader Hallmark, with $3.9 billion in sales, is private.) Says American Greetings...
That disincentive, labor leaders charge, and a lower annual cost are fueling the rising popularity of cash-balance plans. Some 20% of FORTUNE 500 companies, including AT&T and Xerox, now offer these plans, which cover close to 10 million workers nationwide. Two weeks ago giant Citigroup disclosed that it too is making the changeover; the week before, CBS made the switch as part of a comprehensive benefits overhaul. Both firms are sweetening the pot with stock options to keep workers focused on performance rather than longevity. IBM is reportedly contemplating a similar change that would save $200 million...
...annual Pritzker Prize--$100,000 plus a gold medal--is by far the most prestigious award in architecture today. It is like the Nobels for literature or for the promotion of peace, though not as hotly debated, there being no architectural equivalent to Dario Fo--still less to Rigoberta Menchu. It is given not for promise but to uphold the ideal of excellence. Twenty men (but no women) have received it since Philip Johnson got the first one in 1979; they range from Mexico's Luis Barragan to Italy's Renzo Piano, from Britain's James Stirling to America...
...time," says Spremulli. He invested $3,900 with Web consultant Blacksheep blacksheep3d.com and two years ago set up www.norwalk music.com The website, which gives customers full credit-card access and calculates shipping and taxes, now generates 26% of the company's $1.5 million in annual sales and caters to customers as far away as Egypt...