Word: commonized
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Dates: during 1990-1999
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...longer belongs to insiders. It belongs to all of us. We all now partake in its gains, just as we share in its losses--and who among us would argue that it should be any other way? Good Time Charlie Merrill's lonely voice has become America's common wisdom...
...always peering over the horizon. In the 1920s he foresaw an energy boom and took the company into pipeline construction. Later he helped pioneer the now common "turnkey" construction contract, under which Bechtel would design a project, build it, and turn it over to the owner by a set date, for a fixed fee. In 1959 he helped produce a study for a tunnel under the English Channel, a project finally realized this decade...
...died there, in homesick exile, on Jan. 26, 1962. Unlike so many of his predecessors and colleagues, he expired of natural causes, a coronary--an occupational hazard common to hard-driving executives. Or maybe he was just lucky. Italian and U.S. officials quickly announced they had been about to arrest him in a $150 million heroin ring. The fatal attack came at an airport, where he had gone to meet a Hollywood producer...
...Sony grew internationally, Morita expanded his vision. Now it was "Think globally, act locally"--that is, have a common value system that transcends national objectives; serve international customers, shareholders and employees, regardless of the origin of the company. I liked his reference to the phrase in a business context so much that I used it in my book The Borderless World to describe a company that is in the final stage of globalization...
This Puritan disdain for ostentation is a cherished tradition. After all, Thomas Paine penned Common Sense hoping to liberate Americans from the grip of ostentatious English aristocrats. In fact, the most poignant lesson in U.S. history teaches that today's Horatio Alger (see Andrew Carnegie) is tomorrow's robber baron (see Andrew Carnegie)--unless, of course, the baron performs a useful public service, such as owning a pro sports team or three, like 60-year-old Ted Turner, who also recently gave a billion dollars to the United Nations for humanitarian causes. Turner was following the tradition of the Astors...