Word: beaning
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Some executives contend that innovation is alive and well, citing such advances as notebook-size computers and high-speed RISC microprocessors. Says T.J. Rodgers, chief executive of Cypress Semiconductor: "What the bean counters who make projections forget is that in the next two to three years, we will have the next set of innovations, which will make them abandon their projections. It has happened before, and it will happen again." Don Valentine, a partner in Sequoia Capital, a venture-capital firm, contends that creative stagnation is confined mostly to the big corporations, including IBM, Wang and Unisys. Says he: "There...
...average Joe and Jane Harvard, burdened by papers, looking for a quiet restaurant in the Square, what do the milling crowds, the rows of portable lavatories all mean? Is there a purpose to the social event the Head has blossomed into? "It's like an L.L. Bean convention," said one insightful visitor from Dartmouth...
...Management. Explains Gary Beer, 38, president of Sundance Group: "Government funding for the arts is down, and we'd like to be self-sufficient." While consumers may be hungry for Redford's hot sauce ($25), the Great Waldo Pepper will have to sell a lot of chili to match beans with L.L. Bean...
...soon will be revealed that then-Vice President Bush was the one making Reagan drowsy by secretly slipping sleeping pills in the president's jelly bean jar. With the Gipper snoozing away, Bush was able to sneak into the Oval Office, say the pledge of allegiance and sing Yale fight songs while rolling around on the carpet...
Clamor is the usual condition in commodities pits. Last week, however, the soy-bean trading floor of the Chicago Board of Trade erupted in pandemonium as the C.B.O.T. issued an emergency order, its first in a decade, that July futures contracts in excess of 1 million bu. be liquidated. In one day soybean-futures prices plunged 5%, to $6.86 per bu. Traders speculated that a single buyer was trying to corner the market or drive up prices. The suspected culprit: Ferruzzi Finanziaria, Italy's second largest privately held company and the third largest U.S. soybean processor since it bought Indiana...