Word: flameout
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Dates: during 2000-2009
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...that it's too early to pen his corporate obituary. "All you fellows who wrote today that I'm finished may not have it right," he told reporters. Because Hollinger stock surged on the news of his ouster, he boasted he was $50 million richer, declaring "That's a flameout I could get used...
...Perpetual Student Ever since his flameout at Yale, Cheney seems to have been compensating, retaining a fiercely scholarly approach to his work. In his first year at the Pentagon, he organized periodic Saturday-morning tutorials with top Kremlinologists and defense thinkers to bring himself up to speed on what was still the U.S.'s prime nemesis...
...waving bids around without even inspecting the property. And money is flooding into McMansions and vacation homes, reminiscent of the cash that rushed into technology-stock funds that were all the rage a few years back. So the bubble police are on full alert, sensing another NASDAQ-like flameout...
...FRANZEN FLAMEOUT In an otherwise flawless year, Jonathan Franzen didn't win the National Book Critics Circle Award for Fiction this year, reports PW. That prize went posthumously to German-born novelist W.G. Sebald, who was killed in a car accident in December. The president of the NBCC is former TIME Midwest correspondent Elizabeth Taylor, who currently edits the book review and the Sunday magazine at the Chicago Tribune...
...dotcom world has gone to work for K Mart? It certainly looks that way. Refugees from Pets.com Eve.com Productopia, PlanetRX and just about every other recent flameout have landed here. Last Christmas, Bluelight.com (60% owned by K Mart; other investors include Martha Stewart) was an industry joke. Now it boasts an inventory of 30,000-plus items, more than 1 million unique visitors monthly and a massive, last-minute rollout of 3,600 Internet kiosks in 1,200 K Marts across America. CEO Mark Goldstein is blithely turning away job applicants--unheard of in employee-hungry Silicon Valley--and even...