Word: entrepreneur
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...Chen Yifei knew that others could attract money and investment to China. What he wanted to do was far greater: bring beauty back to his homeland. The painter turned style entrepreneur, who died on April 10 at 59, began his mission rather unpromisingly: after graduating from Shanghai's premier art institute in 1965, he spent a decade monotonously painting propaganda art and portraits of Mao Zedong during the Cultural Revolution. But after migrating to the U.S. in 1982, Chen found his hyper-realist paintings of pastoral scenes and flute-playing maidens a hit with foreign collectors, who snapped...
...uneasy about Turner's apparent moralistic streak. In 1982, in his only editorial for CNN, he called upon viewers to write to their Congressmen to protest the sex and violence in Hollywood films. Studio executives are now speculating about the entrepreneur's designs on MGM productions. Joked an MGM/UA executive last week: "Does Turner want to make movies? He did his Rhett Butler imitation when he was in here Monday." Turner, whose favorite movie is Gone With the Wind, named his son Rhett, 19, for the Clark Gable character in that film...
Beatrice last week received word of a different kind of proposal that the firm may wish to ponder. It came from Warren Avis, founder of the Avis car-rental company. The entrepreneur, who sold Avis in 1954, said he wants to buy it back from Beatrice, which has owned the business for little more than a year. Avis said he has assembled a group of private, international investors who hope to acquire the auto concern, which operates in more than 100 countries and is worth an estimated $400 million...
...been in trouble since the summer, when Atlanta Entrepreneur Ted Turner launched a $5.4 billion takeover bid. The company escaped Turner's clutches by buying back 21% of its stock, but it did that by taking on increased debt, which has forced the firm to cut expenses and trim its staff...
Industry experts predict another Easy success. Traditional cruise lines, they say, won't be threatened unless Hadji-Ioannou adds bigger boats to the Riviera lines. The Greek-Cypriot entrepreneur last week said he was talking with the world's largest cruise operator, Carnival Corp., in hopes of finding a strategic partner...