Word: entrepreneur
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...shaken up? Preposterous. But these are extraordinary times, as the small group of businessmen pointed out during a meeting two weeks ago with Prince Salman, governor of Riyadh and younger brother and confidant of King Fahd. "This is the biggest challenge we have ever faced," said one entrepreneur, mindful of the menacing forces of Saddam Hussein gathered just 300 miles to the north. Said another, summoning his courage: "We have to confront our internal issues...
...entrepreneur knows that thinking up a good idea for a product is the easy part. Seven years ago, Terren Dunlap, a lawyer in Scottsdale, Ariz., started a company called Go-Video to produce programs for corporate meetings and family occasions. He soon discovered that making cassette copies by wiring machines together was unwieldy and produced poor results, so he decided to develop a double-deck VCR. Since then, Dunlap has battled opponents ranging from Hollywood movie studios to Tokyo electronics giants. Starting this month, videophiles will finally be able to buy Dunlap's VCR-2 (price...
Being a State Department bureaucrat has its occasional unexpected rewards, including a chance recently to rain on Ted Turner's parade. The flamboyant entrepreneur and cable mogul wanted State to issue a visa to Jose Ramon Fernandez, the Cuban Vice President who oversees athletic development and competition, so that the official could accompany Cuba's delegation to the Goodwill Games in Seattle. No dice. A presidential directive bars Cuban Communist Party members from traveling to the U.S. for anything other than official business. The Goodwill Games, which have been plugged so insistently on Turner's TV outlets that some...
Reassurance that Tapie's deal is for real also came from American entrepreneur Peter Ueberroth, whose Contrarian Group last year assumed managerial control and part ownership of Adidas' U.S. operations. Ueberroth met Horst Dassler in 1979 and with his help and advice transformed the 1984 Olympic Games in Los Angeles into the first one ever to make a profit. Ueberroth has already staunched Adidas' U.S. losses, and in May he flew to Paris for a first meeting with Tapie. Ueberroth said last week he was "impressed with Tapie's global vision" and ability to give slipping companies new energy...
American consumers are pinching pennies again. -- Greenspan hints that the Fed may ease interest rates. -- French entrepreneur Bernard Tapie makes his boldest...