Word: entrepreneurism
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...including with UBS, Morgan Stanley and Nextra, which are under criminal investigation. As he awaits trial, Ferraris says he still can't come to terms with the whole affair. Asked what he thinks about Tanzi, he says, "I have a problem. I believed so much in Tanzi as an entrepreneur that I have a hard time seeing him as anything else. For 13 years I think he's a genius, and then I find out he's a crook. If I'd known, I'd have stayed in Australia...
...more than double that on the balance sheet. "Until then, I never suspected the accounts were false," says Ferraris. He knew he had to go to the top. In mid-October he met with Tanzi. Until then, Ferraris says, he had valued Tanzi as "an excellent person, a real entrepreneur" - a charismatic but steady leader who was so proficient at math that he always spotted calculation errors in presentations. "I expected him to say, 'Your numbers are wrong.'" Instead, he recalls, Tanzi just shrugged. "He said, 'Eight billion, 11 billion, 14 billion - it's all the same.'" Stunned, Ferraris urged...
...emerges from bankruptcy next year," says one person close to the U.S. banks. FUNDING THE "BLACK HOLE" Alberto Ferraris wasn't the only one who thought highly of Calisto Tanzi. Until Parmalat collapsed, the 66-year-old founder was an almost legendary figure in Italy, viewed as a classic entrepreneur who built a world-class company from scratch. Soon after founding Parmalat as a dairy company in 1961, he was quick to embrace a new pasteurization technology that allowed milk to stay fresh for months without refrigeration. Parmalat's distinctive cartons soon became a fixture in stores across Italy...
...soon as they're published," he says. "I no longer have to spend ages scrabbling around lots of different sites every morning." Andrews is one of a growing legion of Web users who've embraced Really Simple Syndication, and this burgeoning movement has convinced a new breed of online entrepreneur that RSS might also turn out to spell really stunning success. As the Web grows ever more labyrinthine and unwieldy, an increasing number of sites are turning to RSS to make the quest for content - whether it's stock tips, headlines, sports news or even the latest iTunes - fast...
...which sets the stage for a new round of global consolidation in the industry. Last week, in a complicated $17.8 billion deal, Indian entrepreneur Lakshmi Mittal said he would merge his existing steel assets - the privately-held LNM Holdings and the publicly-traded Ispat International - with the U.S.-based International Steel Group (ISG). The deal, which must still gain regulatory approval, would create the world's biggest steel company, Mittal Steel, to be based in Rotterdam in the Netherlands, and help Mittal pursue his modest goal of making Mittal as synonymous with steel as Ford is with the motor...