Word: entrepreneurism
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Dates: during 1970-1979
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...Northrop passed to Adnan Khashoggi, a wealthy Saudi Arabian entrepreneur, $450,000 designated for two Saudi Arabian generals, Hashim Hashim and Asad Zuhair, who served at different times as chief of the nation's air force. Khashoggi denies the generals were bribed to buy Northrop planes. Nonetheless, Northrop did not defend the payment. Millar apologized last week to the Saudi government "for any embarrassment caused by this matter...
...Margaux is neither domestic nor domesticated. She's a free spirit," says her father, now 51. Still, there was a stir last Christmas when, for the first time, Margaux brought a man home. He was Errol Wetson, 34, a second-generation entrepreneur, whose father ran a variety of concessions in the East. Errol's career has been bold but erratic. Since age 18, when he and his brother started Wetson's hamburger chain, he has bought and sold antique cars, run a trendy Manhattan restaurant called Le Drugstore, imported soft denim, and backed the TV show Kung...
...results in a statement about as profound as a movie of the Marx Brothers let loose in a beauty parlor. We encounter characters as self-centered as the businessman in Paper Tiger, who sets his clothing warehouse on fire to receive insurance benefits, characters as scheming as the young entrepreneur in The Apprenticeship of Duddy Kravitz, who ignores the human suffering produced by his financial dealing. But whereas in those portrayals the characters become aware of the consequences of their actions, in Shampoo we encounter people like Lenny, who is concerned only with giving Jackie enough presents to guarantee...
...psychological strain is hardest on middleaged, upper-middle-income executives, who felt wedded to their companies and drew strong creative satisfactions from their jobs. Corporate managers find it even harder to adjust to unemployment than do entrepreneurs. Says Ari Kiev, a Manhattan psychiatrist: "Managers are probably more dependent persons who often tie up their whole lives with the corporation. When unemployed, they feel abandoned and have nothing to fall back upon. But entrepreneurs, however devastated by unemployment, are more flexible, more self-reliant." One of his patients, an unemployed entrepreneur, went out and found a job as a cab driver...
...National Observer scooped the press Nov. 2 with a story about a colorful entrepreneur named Elizabeth Carmichael, who was about to produce a revolutionary three-wheeled car called the Dale. National Observer Reporter John Peterson breezily noted in a frontpage piece, complete with a photo of the dynamic carmaker next to her sporty space-age vehicles, that Carmichael and her "talented mavericks" had designed the Dale with a new kind of plastic body that would be safe in crashes at speeds of up to-50 m.p.h. The car would also get 70 miles per gal. of gas and cost less...