Word: duponts
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Dates: during 1990-1999
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Like most second marriages, the DuPont company's latest joint venture in China represents the triumph of hope over experience. When DuPont opened an agricultural-chemicals plant in Shanghai in 1991, local entrepreneurs made off with the formula for the company's Londax rice herbicide and started up a rival firm to produce it. DuPont's secret was not protected under Chinese law. Undaunted, DuPont plans to invest $16 million in a joint venture in Shanghai in 1995 that will manufacture equipment for integrated circuits. But this time the Delaware-based giant is trying to be smart about reducing...
Such entreaties have become essential for America's blue-chip companies as they charge into the vast markets of China and its East Asian neighbors. Spurred on by the Clinton Administration's efforts to strengthen commercial ties with Beijing, firms ranging from Boeing to DuPont are teaming up with local partners to build plants in China and circumvent the country's nettlesome trade barriers. In doing so, however, U.S. firms may find themselves marooned on a capitalist frontier where a version of intellectual property rights has yet to be invented and where newly unleashed entrepreneurs openly imitate the products...
...often have you heard tales of Harvard's $5 billion plus endowment? How many companies can you name in which Harvard holds stock? The list has included: General Motors, General Electric, Amoco, Dow Chemical, DuPont, USX and Atlantic Richfield...
...should be no surprise that the companies leading the $5 million campaign against Question Three are the very same industries that manufacture virgin plastic packaging. These industries (92 percent of the opposition money comes from out-of-state) include major corporations like Dow and Dupont, who of course will lose if the initiative wins--at least in the short term...
...LUCE III, 51, HAS MADE A CAREER OF CALMING the waters that Perot has stirred up. The founder of a large Dallas law firm, Luce was hired by Perot in 1974 to help dig him out of a disastrous attempted bailout of the Wall Street brokerage house of DuPont Glore Forgan. In 1984 Luce helped Perot negotiate the sale of his EDS computer-services company to GM; two years later, Luce settled a bitter dispute over the buyout of Perot's GM shares. To the general public, however, the Dallas attorney is better known for having been Perot's cerebral...