Word: boardrooms
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...hours of the deal's announcement, the corporate handicappers had tabbed him as Levin's successor. He had better be patient. According to an investment banker who knows both men, recalling the 1992 blitzkrieg with which Levin deposed his predecessor, N.J. Nicholas Jr., "betting against Jerry Levin in a boardroom struggle would be a big mistake." Especially when, as in this case, it would take a 75% vote of the board--to consist, initially, of equal numbers of Time Warner directors and AOL directors--to dump...
Obvious as all this success seemed to Case--everyone was going to get online, right?--it was still a hard sell everywhere from Wall Street to, at times, his own boardroom. AOL spent more than $1 billion building its system. From a historical perspective this wasn't aberrant; communications networks always swam deeply in the red before emerging into profit. It was those insane costs that prompted the U.S. government to give Ma Bell her monopoly. But no one was giving Case a monopoly over anything. He'd have to fight for every cent...
...course, the individualism to which we have grown accustomed will probably become a lifelong habit. Now we rush from a seminar, to the library, to a meeting, to a party, to another meeting--there are a lot of meetings here. Someday soon we will run from the boardroom, to the gym, to day care, to the PTA meetings--and end up at the shrink...
There was a time when Americans were apt to connect the owning of art with the possession of virtue, but that is long gone. We know in our heart of hearts that the Rothko on the boardroom wall does not turn the saber-toothed CEO into Bambi and that some of the nastiest beasts in history, such as Hermann Goring, have been sincere and knowledgeable art lovers. Moreover, being an important collector doesn't even show that you have halfway decent manners, let alone morals. Witness the late Dr. Albert Barnes, who before World War I became a multimillionaire from...
Members of the council and non-voting observers packed Hillel's second-floor Smith boardroom last night for the election of the Hillel leadership for the year...