Word: boldest
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...have not given it many entrepreneurs. Most French businessmen still look to the government for cues and favors rather than trying to make quick profits on their own. Bernard Tapie, 47, is one of a new breed who is changing all that. Last week the Paris businessman made his boldest venture yet, offering to buy 80% of West Germany's Adidas, a company 15 times the size of his holding company, Groupe Tapie...
...Mikhail Gorbachev prepares to embark on his latest plan to save the Soviet economy, he has expressly ruled out the shock therapy administered by Polish leaders last January when they abolished subsidies and price controls. By far the boldest approach to economic reform anywhere in Eastern Europe, Poland's policies have created hard times for many of the country's 40 million citizens. Unemployment, virtually unknown under the Communists, has climbed to 400,000. Rising prices and tight curbs on wages have sliced the purchasing power of some families as much as 40%. For the first time people can remember...
...Michael Spence--long known for his methodical, cautious and prudent leadership style--made the boldest move of his career last week. Citing personal reasons, Spence announced that he would step down as Dean of the Faculty of Arts and Sciences--the second highest position at Harvard--to take the helm of the Stanford University Business School. While academic observers described the move as a "step down" for Spence, the reality for Harvard is the loss of a talented administrator whose effect on the University will only be seen in years to come...
Despite all these new problems and reminders of old ones, Gorbachev was still trying to convey the impression that he was driving events rather than reacting to them. In one of his boldest political gambles yet, he linked the implementation of economic reform -- higher prices, lower state subsidies and the introduction of some free-market mechanisms -- to a nationwide referendum. So much, he seemed to be saying, for the twin charges that he is unwilling to submit to genuine democracy and afraid of tough decisions. The immediate response of his fellow citizens was not encouraging. In Moscow and other cities...
...retail industry beset by sluggish sales, Dayton Hudson has been a - star performer. Profits of the Minneapolis-based company, whose 666 stores include Dayton's, Hudson's, Mervyn's and the Target discount chain, rose 43% last year, to a record $410 million. In its boldest expansion yet, the company said last week it would acquire Chicago-based Marshall Field's, a premier retailer, for $1.04 billion from London's B.A.T. Industries. B.A.T., which is battling a takeover attempt by Sir James Goldsmith, will use proceeds from the sale to buy back part of its stock...