Word: discounts
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Dates: during 1990-1999
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Robert N. Friedman, CEO of discount retailer Loehmann's, has no such defense, at least according to a lawsuit filed by Forty Three Apparel, a New York City-based women's-fashion maker. In mid-1997, the suit contends, Friedman pressured Forty Three Apparel president Mark Singer, who depended on Loehmann's for 80% of his business, into giving Friedman's wife Debbie a high-level job. Within a year, she left the firm, allegedly with clothing patterns and manufacturing processes, and started her own competing outfit. (Loehmann's says the suit has no merit.) It didn't take long...
...anyone who's ever installed Microsoft Office from the network will be coming back from Spring Break tanned, rested and ready to rock--but horrified to find that they are no longer able to even open previously saved files on their own computer. Diabolical. Will Microsoft offer a student discount for their software suite? No. Will Harvard provide an alternative set of office tools? No. FM to the rescue...
...anyone who's ever installed Microsoft Office from the network will be coming back from Spring Break tanned, rested and ready to rock--but horrified to find that they are no longer able to even open previously saved files on their own computer. Diabolical. Will Microsoft offer a student discount for their software suite? No. Will Harvard provide an alternative set of office tools? No. FM to the rescue...
...rise in drug spending is beginning to have political repercussions. A movement is under way at the federal and state levels to bring about cheaper prescription drugs, an effort that could help the lower-cost generics. Bills are pending in several states, including California, to force drug companies to discount products for seniors. In Congress, a bipartisan commission will probably attempt to get Medicare to reverse its policy against paying for prescriptions, which could also favor the generics...
...billion war chest and a market value ($34 billion) almost four times as big as Nissan's. Racked by an economy in an eight-year decline, Japan has a demonic need for the cash and expertise of foreign bankers and takeover experts who are buying, at deep discount, chunks of the country's financial and industrial base. "What has really happened this decade is the true inability of the Japanese to manage in a difficult situation," says ING Baring Furman Selz managing director Maryann Keller, who has studied Japanese industry for 30 years. Once unthinkable, the idea that foreigners might...