Word: capitalists
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...asked exactly when you expect your firm to begin earning a profit. You respond by: A) Providing a concise cost-revenue analysis that avoids giving a specific answer; B) Pretending to choke on a piece of chicken bone; C) Pointing out that the profit motive is an ephemeral capitalist notion that will eventually give way to the triumph of modern socialism; D) Changing the subject to the number of clients that will be redirected to your Web page from porn sites...
...early 1990s, the Institute advised the Russian government on its transition to a capitalist economy. Economics Professor Andre Shleifer '82 oversaw the project, which was paid for by a $57 million grant from...
...your way!" "Super size it!" and "Obey your thirst!" But mixed in with the chorus of "Consume, consume!" are the plaintive cries to "Stop the insanity!" Is it any surprise we wash down our Big Macs with Diet Cokes? The only people satisfying the insatiable needs of the capitalist machine and at the same time pleasing the thin-obsessed society are bulimics, the perfect citizens...
...lesson about control the hard way. In 1994 he started a technology business in his basement with $100,000 in personal savings. His company developed video-capture cards for laptops, the forerunner to digital-video-disc technology. When the business started to grow, Garnick went to a venture capitalist. By 1996 Garnick's company had come up with the technology for DVD decoding. Says Garnick: "We were the first company in the world to demonstrate working dvd capability...
...when a big-dollar deal fell through, Garnick felt increasing pressure from his venture capitalist to hit the numbers in his original business plan. He was eventually told to hire a president to oversee operations. Garnick says he stepped down as CEO "for the good of the company," though he continued as chairman. But he says, "I was being boxed out of key decisions." Garnick resigned from the board of directors a few months before the company went public last July. The company's market capitalization is now about $250 million, 5% of it Garnick's. The moral...