Word: entrepreneurism
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...Russia's independent press carried out by the state-controlled conglomerate Gazprom, but indisputably coordinated in the highest reaches of Vladimir Putin's government. Journalists at Gusinsky's daily newspaper Segodnya and the weekly magazine Itogi received their walking papers Tuesday, and at week's end the embattled entrepreneur announced plans to sell his 49.5 percent stake in NTV, the nationwide TV network he founded in October 1993 that was independent until the week before. Deliverance, Gusinsky swiftly realized, has a price. Full Story...
...evening represented the end of a long struggle for Patrick Lee, the entrepreneur who debuted the restaurant four and a half years ago and fought an extended battle to keep it open despite increasing rents and the hostility of the landlord. But the closing of Grafton was more than a personal loss—it was also a loss to the residents of Harvard Square, particularly the students. At a time when astronomical rents have driven most small businesses out of the square, Grafton was an anomaly—a privately-owned business that catered to the likes and lifestyles...
...deep trouble. Zhang of Sohu still believes he and his local rivals can survive. "If Yahoo! goes down, Sohu doesn't necessarily follow," says the entrepreneur, who was so enthused with the Yahoo! model that he originally named his company Sohoo! But most of China's Internet leaders are more pessimistic. The three big portals have limited options: merge, tie up with a Chinese conglomerate or sell out to a global buyer. Disgruntled shareholders may force the issue. At some point, argues Mao, "Shareholders will say, 'That's it, baby. The game is over. You leave. I'm leaving...
...action director Michael Bay over budget? Is Disney chief Michael Eisner the most powerful man in Hollywood?) "Kids today are 10 times more sophisticated about the business than they were even five years ago," says Making the Band executive producer Ken Mok. "People know more about Puffy as an entrepreneur than as an artist. The Wu-Tang Clan is not just about the music. It's about Wu Wear...
...realm that promised enormous riches, and the entrepreneur was king. Employees of established companies jumped ship to join the Internet gold rush, their fledgling firms funded by venture capitalists desperate to get a piece of the next big thing. And as those companies listed on the stock markets, financial institutions got in on the act, driving valuations and share prices through the roof. On March 10, 2000, Germany's Neuer Markt, France's Nouveau Marché, Italy's Nuovo Mercato and the granddaddy of the high-tech bourses, America's nasdaq, all reached new peaks. Then the tide turned, taking...