Word: entrepreneur
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That is, one could buy $10,000 worth of stock with just $1,000. Many thousands did, lured into the market by boosters like John J. Raskob, the stenographer turned entrepreneur who built the Empire State Building. "Everyone ought to be rich," he wrote in an exuberant Ladies' Home Journal article; anyone who could invest $15 a month, he declared, could eventually reap a profit of $80,000. A Harvard behavioral psychologist named John Watson even found therapeutic value in speculation. "Sex has become so free and abundant," he theorized, "that it no longer provides the thrill it once...
...difficult to tell entirely whether Mailer or various tape recorders are to be congratulated for The Executioner's Song. Mailer seems to have undertaken the project mostly for money. He never met Gilmore but acquired an immense pile of tapes from a hustler named Larry Schiller, the entrepreneur who had earlier promoted deals involving Jack Ruby, Marilyn Monroe and Susan Atkins of the Manson gang. Mailer spent additional weeks interviewing Gilmore's family, his girlfriend Nicole Barrett, and surrounding bit players...
...summer of 1907, Edward Wyllis Scripps, the eccentric Ohio newspaper entrepreneur, strung together a ragtag assortment of reporters, telegraph operators and rewrite men to form the United Press. Though the fledgling wire service had just $500 in working capital, Scripps gave it a difficult mission: take on the mighty Associated Press, a cooperative owned by its client newspapers and established more than half a century earlier. By late summer U P. had miraculously captured 369 U.S. papers as clients, and it looked as if Scripps' folly might soon overtake A.P. as the nation's premier wire service...
...nobody gets too tense. The bridge game among the St. Elizabeth's parish ladies continues on the sidewalk. A red-and-white taxicab pulls up and, out of the back seat pops an entrepreneur. "$1.75 for sandwich and coffee," he shouts. "Profiteer," someone jeers. "Don't you feel guilty making money off the Pope's visit?" another asks, but obviously the answer is no because the sandwich man is enjoying himself no end. "I hope you get leprosy," Elkhorn's friend yells...
Capital has worried Rosenthal ever since a family shortage of it back in Brooklyn during the Depression blocked him from entering Pennsylvania's Wharton School. He had to settle for N.Y.U., because his father, an up-and-down entrepreneur from Winnipeg, ran out of money. Rosenthal graduated summa, made an early splash on Wall Street, joined a group that took over a then bedraggled Citizens, and became its chief at 30. In the 34 years since then, the company has raised its profits and dividends every year...