Word: clout
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Dates: during 1990-1999
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Nike's increasing clout has long troubled the National Football League, and even the mighty National Basketball Association. Two years ago, Nike ordered 90 of the athletes it has under contract to withdraw from part of the rich apparel-licensing deal by which the N.B.A. sells the players' likenesses on shirts and hats -- depriving the league of $1.5 million a year in revenue. In February Nike, along with Michael Jordan, wrestled from the N.B.A. the rights to the multimillion-dollar market for T shirts bearing Jordan's image. "In marketing, Nike is far more powerful than the league," says N.B.A...
...wheeler-dealers have a hard time taking outsiders' ethical qualms seriously. "The only way to avoid the appearance of potential conflict of interest in this business," says CAA's & president, Ron Meyer, "is to represent only one client. And then, of course, you'd have no business and no clout and no one would care...
Besides, eighteen to twenty-one year olds form a small enough segment of the population, with little political clout, so that excluding them for the legal drinking population was politically feasible...
...widespread optimism among the signatories has been eroded by the attacks on NAFTA made recently by special interest groups in the U.S. Fearing widespread unemployment and continued environmental violations by Mexico, formidable labor, industry and environmental groups are using their political clout to impede the progress of the negotiations...
...investment group has discovered that global dealmaking these days is as much about cashing in on connections as it is about cash calculations. Rather than seeking big names with proven financial acumen, it is hiring high-profile power players who are better known for their policy expertise and political clout. And unlike other investment banks, it is based in Washington...