Word: corps
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Dates: during 1990-1999
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Grimmelmann, who got RSI while working for Microsoft Corp. two summers ago, says that he had to take his finals under special conditions the fall semester he returned because his wrist hurt so much when he tried to write. The special conditions allowed him extra time so that he could massage his wrists in between writing paragraphs...
...prince apparently hopes that entrenching himself in high-tech media-related outfits may help make him a king of communications in the Middle East--or, in due course, an emperor like Murdoch. Says Alwaleed: "I want to concentrate on communications, technology, entertainment and news. This is the future. News Corp. is the only truly global news and entertainment company. Netscape is strongly involved with the Internet. Motorola is very global in telephones and satellites. These companies are going to play a crucial role...
Although the Planet Hollywood business may look like just another indulgence of an eclectic entrepreneur, it ties into other businesses, including the News Corp. investment. In the Middle East, Alwaleed is the producer of top Arabic recording artists, including Najwa Karam and Kathem al Saher, and he has a major share in one of the most popular Arabic satellite TV networks, called Arab Radio and Television. Planet Hollywood is a great place to promote music and television stars...
...sector where synergy is working well for Alwaleed is hospitality. He has quietly become one of the largest private investors in, and owners of, hotels. And not coincidentally, hotel values and returns are soaring, as the recent battle for ITT Corp. (Sheraton) has demonstrated. His goal is to create, with international partners, a web of four- and five-star hotels around the world. He currently owns 50% of the Fairmont group, 30% of Movenpick, a Swiss chain, and 25% of the upmarket Four Seasons chain. He is the sole owner of the deluxe George V in Paris and owns half...
Where does this Arabian Warren Buffett think of investing next? East, it seems. His investment in News Corp. is based on a hunch that Murdoch's empire can grow by leaps and bounds in Asia. Says the prince: "Liberalization of media and entertainment in China and India will have a tremendous boost on News Corp. shares." Motorola is already in China. Earlier this year, Alwaleed made a 15-nation scouting trip through Asia and placed his first direct investment, taking a piece of the Shanghai Trade Center, which will be the tallest skyscraper in the world when it is finished...