Word: entrepreneurism
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Dates: during 1980-1989
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...Smoker's Club plans to take off April 22, the day when a new Government ban on smoking during any flight shorter than two hours takes effect. The carrier intends to circumvent the rule by organizing as a private charter service and charging $10 for membership (family rate: $20). Entrepreneur Kay Cohlmia, 53, and Colleagues Glenn Herndon, 47, and Daniel Cuozzo, 43, smokers all, plan 14 round-trip commuter flights a day between Houston and Dallas. Other Southwest cities are to be added later. The airline's tail fins will be adorned by neither the Marlboro man nor the Surgeon...
...This cuts close to the real contrast between Dole and Bush: the small-town entrepreneur vs. the no-fingerprints manager. Bush's strengths are in precisely those areas that elude Dole, such as organizational competence. That was evident on Friday in Michigan, where the Bush forces teamed up with Kemp's to outmaneuver Robertson at the Republican state convention. Bush wound up with 37 disputed delegates and Kemp with 32, while Robertson's supporters cried foul and walked out after getting only 8. Dole skipped the contest...
...after he shaped a floundering garment workshop into a flourishing business, Bu Xinsheng of southern Zhejiang province was hailed in the Chinese press as a "trailblazing entrepreneur." His Haiyan plant became an obligatory stop for visiting bureaucrats and journalists...
Fame has now turned to shame. In January, with Haiyan on the brink of bankruptcy, the provincial government fired the 55-year-old entrepreneur as plant manager, charging him with incompetence. What had gone wrong? For one thing, Bu misjudged a craze for Western-style suits and ties. He imported machinery that could produce 300,000 Western suits a year, but by the time he got it working, the market had shrunk. Moralized one Communist Party official: "Bu was overwhelmed by the honors given to him by the state and the people...
...thin cigar, Carlo De Benedetti, the Italian industrialist, began confidently. "Allow me to introduce myself," he said. "I was born in Turin. I'm 53 years old. I'm not really sure where I live, but it's somewhere between Turin, Milan and airplanes." Then the high-flying entrepreneur proceeded to explain why he wanted to do what many proud Belgians viewed as the unthinkable, to gain control of Societe Generale de Belgique, their country's largest and most pervasive company. His ambition: to assemble the first giant pan-European holding company that would prove big and diversified enough...