Word: europeanize
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Dates: during 1990-1999
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Emery is far from the only specialist who thinks European executives have been faster than Americans to snap up such opportunities. But the Americans are about to get some help in spotting the good buys. Goldman Sachs has set up a new mergers- and-acquisitions team in Singapore to be headed by Richard Gnodde, one of its top specialists. Jon Corzine, co-chairman of Goldman Sachs, adds that the firm is planning to start a "recovery fund" targeted chiefly at Asia. Goldman's Asia president, Philip Murphy, indicates a major target will be consumer goods, which many others also consider...
April J. Werner and Ben Bergstein, vendors from the Volga River Trading Company, sold products from Russia, Armenia and other eastern European countries. They had a large display of wooden nestling dolls called matryoshka, meaning "little mother" in Russian. They have been selling their products at the bazaar for four years...
There is a new sophistication to private-banking clients that has taken some old-line European banks by surprise. "People have this image of private banking as a crusty old frock-coated Lord and Lady Jemima Puddleduck having tea with the bank manager," says Simon de Ferrer of the Royal Bank of Canada. "But the new wealth is more like Richard Branson"--the flamboyant British founder of Virgin Atlantic Airways and Virgin Records...
Demands for justice from Holocaust survivors like Lee are steadily mounting. In August, Switzerland's two largest banks agreed to pay $1.25 billion to settle wartime claims against them. Since then no fewer than 10 class actions have been filed against European companies that do business in the U.S. Some of these are claims for individual accounts confiscated by banks in Germany and Austria. Others charge that major corporations such as Krupp, Volkswagen and Daimler-Benz profited from slave labor during the wartime years and should pay billions in back wages and other compensation. The issue of Holocaust reparations...
...Ambition." Ask Leonard for one defining word about his mother, and that's his choice. Even after 40 years in business, Estee Lauder would attend every launch of a new cosmetics counter or shop, traveling to such places as Moscow and other East European cities. On Saturdays she might go to her grandson's Origins store in Manhattan's hip SoHo district and say, "Let me teach you how to sell." Only declining health has halted those visits during the past few years...