Word: dotcomers
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...dotcom bust. Staggering budget deficits. A hellzapoppin' gubernatorial recall. What other misfortune could happen to California? Well, Joan Didion, who was born and raised there, could write an elegantly acerbic book arguing that the sustaining myths by which the state defines itself are false, self-deluding and corrupt. Where I Was From (Knopf; 226 pages) is that book, and Governor-elect Schwarzenegger, for one, can give thanks that it was written too soon to include...
Back in the dotcom boom days, Yahoo! was the model of the modern fun company. Why, they put an exclamation point at the end of the name just in case you missed the point that it was a crazy, happening place to work. Beer bashes every Friday. Skateboarding in the halls. Frisbee at lunchtime. This kind of culture was the epitome of the new economy, where the players worked hard and the workers played hard, all in a fuchsia-colored office turned Disneyland with all the caramel lattes you could swallow. There was oodles of money to be earned, even...
...when he was still running Hard Rock Cafe, Earl launched Planet Hollywood with the help of celebrity partners, including Bruce Willis and Sly Stallone, who got paid in stock to go to openings and attract free publicity. Star power helped propel the firm to a dotcom-style IPO in 1996 with what even Earl describes as "insane multiples." On paper, Planet was worth some $3.4 billion at its apex--and Earl more than $1 billion. But its stock, which peaked at $32, was delisted just before Planet's first bankruptcy in 1999. The chain, based in Orlando, Fla., had barreled...
...called war for talent, A-list players were showered with cash, stock options and perks. And in the boom years of the late 1990s, they could do no wrong. Yet it was mostly the A players who failed spectacularly at firms such as Enron and WorldCom and countless dotcom wonders...
...work resists easy categorization. "It's Fantastic Voyage meets the TIME-LIFE Books series," says Tsiaras, 49. He and his 25 employees take data from MRI scans, spiral C.T. scans and other medical-imaging techniques, and use them to create scientifically faithful 3-D pictures and animations. Neither dotcom nor biotech, AT scared off some early potential investors. But Tsiaras, who founded the company in 1998 after a career in digital art and photography, clung to his belief that people would pay for images that are both beautiful and accurate...