Word: chaine
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...HIGH-FLYING, HIGH-VISIBILITY world of media moguldom, Frank Biondi has always been the rare bird: a quiet one. As the president and CEO of Viacom--the conglomerate that owns the Showtime and mtv cable networks, Simon & Schuster publishing, the Blockbuster video chain and Paramount's movie and TV empire--he has been regarded as a smart, low-key executive who stresses teamwork over autocratic rule. But being a team player is not always an asset when the reigning autocrat--in this case, Viacom chairman Sumner Redstone--wants to run the show. Last week, in a move that surprised practically...
...divine what might have soured Redstone on Biondi. Some pointed to the departure of Geraldine Laybourne, the widely respected head of Nickelodeon, who was hired away by Disney last month. Others cited disappointing financial results at Blockbuster; cash flow fell short of projections last year, as the video chain was faced with aggressive discounting by competitors. Early this month several Wall Street analysts lowered their profit estimates for the company...
...going kaput," Forbes said. "I'd leave it as is for those who'll retire in the next 12 years. For the rest, I'd create individual retirement accounts so there's money left when they get old." "I was impressed," says Don Fisher, founder of the Gap store chain, in a common reaction after Forbes spoke in San Francisco. "I'm for Dole, but I like that Forbes has the courage to take on something that's broken...
Something needs to be done. Harvard could simply spend more money, but since that's about as likely as Tibetan Yak-racing becoming an Olympic sport, we obviously need another source of labor. My suggestion is to take all students ad-boarded for disciplinary offenses, chain them together and let them shovel. The Harvard Civil Liberties Union might protest, but by the time they get an injunction, it'll be spring...
...will carry heavy weapons and be authorized to shoot not only if they come under fire but even if they are just threatened. American G.I.s specifically can fire if anyone points a gun at them in a menacing fashion. And the order to fire need not come down any chain of command. It can be given by a sergeant on the spot...