Word: entrepreneur
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...Rockaway, a seaside community of modest homes near the city's John F. Kennedy Airport, may look like a felony in progress. But no need to call the police: the disheveled mansion is scheduled for authorized demolition. Before the bulldozers are due to arrive, Stephen Israel, an ex-hippie entrepreneur with a Grateful Dead- style beard and twinkling brown eyes that focus on the minutiae of history, has come to salvage pieces of the past: window frames, carved moldings, gargoyles and anything else of architectural interest that can be pried loose and sold...
...sale of CBS's labels leaves the U.S. recording industry dominated by overseas owners. (Polygram is controlled by the Dutch, RCA by the West Germans and Capitol by the British.) Yet in a sense, CBS Records is only passing from one revered entrepreneur, Paley, to another, Akio Morita, who is responsible for the Walkman and other breakthroughs. Morita, who favors classical music, seems determined not to mess up the good beat at CBS. His company has offered a package of some $20 million in compensation to persuade CBS Records' bearded, brassy chief, Walter Yetnikoff, 54, to stay...
...Entrepreneur Eugene Lang promised 61 Harlem sixth-graders he would pay their college costs if they stayed in school. As it turns out, he laid the seeds not only for their future education but also for a host of generous imitators around the country. The latest and perhaps largest benefactor is Avron Fogelman, a Memphis real estate developer and co-owner of the Kansas City Royals. Last week Fogelman, 47, announced he would subsidize tuition perpetually for disadvantaged Memphis-area public school students who go to Memphis State University. Fogelman has put up an initial $2.5 million, and will...
...interment of Moral Majority next? Falwell stoutly pronounces the organization in sound shape, with annual revenues of $8.4 million and a mailing list of 6 million names. But it is not likely to be as visible a part of the landscape under Falwell's anointed successor, Atlanta Entrepreneur Jerry Nims. Says Robert Skolrood, director of the National Legal Foundation: "We have passed through our strident period...
...Begonia Flower-brand silk lingerie. A balding trader, waving a fan, hawks Christian Dior-label shirts. They cost 100 yuan ($27) abroad, he confides, but his price is only 25 yuan ($6). A real bargain. The yellow license in his stall identifies him as a ge ti hu (private entrepreneur), who sells his wares on the free market...