Word: entrepreneur
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...foundation began operations after the death in 1978 of Entrepreneur John D. MacArthur, sole stockholder of the Bankers Life and Casualty insurance company. With assets of $930 million, the foundation is the nation's fourth largest (after the Ford, Johnson and Kellogg funds). MacArthur left the disposition of his money up to the trustees, who hit upon the idea of making creative people free of financial worries. Says Harvard Psychiatrist Robert Coles, a winner in 1981: "I can't help but begin to wonder what life will be like when this is over...
...Tokyo at age 15 with less than $3 in his pockets. Working at a small building firm during the day, Tanaka took a night course in civil engineering; by 19, he was the owner of a prosperous construction business. After making a small fortune as a wartime entrepreneur building barracks, he won a Diet seat in 1947. Lacking the school and family connections that make so many political careers in Japan, the ambitious Tanaka built his own power base by contributing lavishly to the campaigns of fellow members of the Liberal Democratic Party. Dubbed the Computerized Bulldozer for his photographic...
...still the world's most prestigious scholarship, despite its echoes of Britain's colonial past. Last week 800 Rhodes scholars-named after the colonialist and entrepreneur Cecil John Rhodes-convened at Oxford University to celebrate the 80th anniversary of the trust that administers the fund. Among those present was Staff Writer Kenneth W. Banta, who was there as both observer and participant. Banta is one of six Rhodes scholars on TIME. His report...
...recent Louisville Courier-Journal editorial scowled about "his defense of the indefensible." The Lexington Herald-Leader was stern: "What may be acceptable behavior for an entrepreneur is not acceptable behavior for the Governor." Brown insisted last week that he had never used cocaine, in fact had never even seen any, and that he does not "condone Jimmy Lambert or anybody else who might have used...
...what could prove to be the greatest advance in grocery merchandising since the supermarket, the Phone In-Drive Thru market has opened in (where else?) Los Angeles. With the aim of eliminating the cart-pushing, checkout-waiting drudgery of conventional stores, Entrepreneur Ron Cameron, 41, has devised a system by which the shopper does not have to set foot in the store. In return for a $20 one-time membership fee, the householder gets a 33-page monthly catalogue listing nearly 4,000 products from which he or she can order. The customer then phones it in to a computer...