Word: firm
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Dates: during 1990-1999
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...Firm that added "gender-identity characteristics or expression" to its equal-opportunity policy...
...still benefactors who hand wads of money to nonprofit institutions to disburse as they wish, today's philanthropists are more likely to approach charity with the same hands-on management they bring to their businesses and stock portfolios. Says H. Peter Karoff, head of the Philanthropic Initiative, a consulting firm that helps wealthy clients donate like investors: "The hard look at the management of charitable groups, the scrutiny of how an organization makes an impact--all those things you do every day as a stock picker work very well in philanthropy...
Today's givers match their money with their energy. Forstmann, who is chairman of Gulfstream Aerospace and a senior partner at a New York LBO firm he co-founded, spent a year canvassing the country, examining local school districts--the program will serve 40,000 students in 38 cities--and cajoling everyone from Michael Ovitz to Barbara Bush to join the fund's board of advisers. He got the idea for the venture after years of studying a similar financial-aid program in New York City. Nine out of 10 school kids who used money from the fund to attend...
...DOMINUS WINERY, NAPA It's a shed. A 300-ft.-long two-story shed sheathed in rocks that are held together with the gabion system--a technique used to hold up embankments on highways. But despite its stony visage, this winery, designed by Swiss architecture firm Herzog & De Meuron, is less brutal than brut-worthy and sits well in the Napa landscape. Once inside, visitors find the stony exterior becomes a playful moire that lets in shards of light. The stones are transformed, just like the grapes within each cask...
Watch out, online brokerages: the quickest, cheapest way to invest on the Net may soon be by trading with companies directly. In the next few weeks brand names like Home Depot and Compaq, with the help of a firm called Stockpower, will start selling stock directly from their websites, offering cut-rate commissions and low minimum purchases. And for more info on the old-fashioned form of low-cost, direct stock buying, dividend-reinvestment plans, check out www.dripcentral.com...