Word: businessman
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...Last Crusade, earned $32 million in theaters, twice as much as the most popular Japanese film. Of the 27 movies currently showing in Rio's cinemas, 21 are American. Overseas fans say they are drawn to the American spirit of independence and optimism. Says Roberto Fernandez Blanco, an Argentine businessman: "When you see an American work of art, you feel a breeze of freedom of expression." Thus the MCA deal strikes some Americans as another example of selling the goose instead of the golden eggs...
...look and a fresh idea. The trend is against them and so, for the moment, are the numbers. Hartmarx Corp., which owns middle-income retail stores like Wallachs in New York and Baskin in Chicago as well as Hart Schaffner & Marx, purveyors of off-the-peg businessman style for more than 100 years, has been enduring a three-year slump even though it retains an 11% share of the U.S. men's suit market. Brooks Brothers posted a 41% drop in operating profits for the past fiscal year. A spokesman for Marks & Spencer, the British department-store outfit that...
Harry Weinberg was a pugnacious businessman who probably had his share of enemies when he was alive. But the real estate baron made a final gesture that will win him friends for years to come. Weinberg, who died last week at 82, willed nearly $1 billion to a family trust to help the poor. The sum represents his entire estate, except for $3 million he left his grandchildren. The trust will distribute up to $45 million a year to the needy as Weinberg dictated: one-quarter to Jewish charities, one-quarter to non-Jewish groups and the rest to organizations...
...Early this month the Japanese tourism firm said it had agreed to buy Heavenly Valley, the ski resort near Lake Tahoe, for an estimated $90 million. The sale would mean that Kamori Kanko will play host to more U.S. skiers than any other company. The firm, controlled by Sapporo businessman Katsuo Kamori, 83, and his son Kimihito, 47, also owns the ski resort of Steamboat Springs, Colo., which the Kamoris bought last year for a reported $110 million. The elder Kamori has not confined his interest to the slopes. Besides owning amusement parks and golf courses in Japan...
...right thing, virtue will be rewarded. Well, the press and the Democrats aren't going to see it that way." By the end of the year, White House sources predict, a Bush re-election committee will be formed, possibly under the leadership of Commerce Secretary Robert Mosbacher or businessman Fred Malek. As if to underscore how the election changed the President's outlook, Bush and Sununu late last week lunched at the White House with some of his old political allies, including former press secretary Peter Teeley and former chief of staff Craig Fuller. Afterward one participant claimed that Bush...