Word: flopped
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...specter of economic retaliation--and the fact that Texaco executives were caught red-handed using racially insulting language as they discussed the destruction of evidence--that motivated Texaco chairman Peter I. Bijur to perform the most spectacular flip-flop since Kerri Strug's Olympic showstopper. In a textbook feat of corporate damage control, he agreed last week to spend $176 million to end the lawsuit filed by black employees whom Texaco has been stonewalling for years. The pact contains the most lucrative settlement ever of a U.S. discrimination case. If wholeheartedly implemented, it could transform Texaco from a bastion...
...this treasured journalistic flip-flop may be harder to perform in November 1996, for two reasons. First, it has been weeks if not months since the media have been able to persuade either themselves or their audience that there was any real uncertainty about the election result--at least on the presidential level. And second, President Clinton's brilliantly successful re-election strategy of good times, bite-size issues (school uniforms) and soaring but empty imagery (bridges hither and yon) does not lend itself to grand historical theorizing or to bold claims about what the voters were trying...
There are few sure things in the $36 billion global toy business; indeed, previous interactive games aimed at girls have been largely a flop. Although the mission is child's play, creating a toy or game that sells is not: the process generally takes a couple of years and requires big up-front costs. Toy manufacturers pray for a product's sales to double after the launch of TV ads and for demand to exceed supply temporarily...
...live in a Calvinistic culture," says Rossetto, meaning everyone loves a good flop. I called him a few days ago, and Wired's 47-year-old editor-publisher was oddly upbeat. Never mind that now Wired Ventures must go hat in hand to private investors for capital to further extend the Wired brand name into new magazines, TV shows, books and online publishing. A Wired friend says Louis "thrives on being told something's impossible. The more you tell him it's doomed, the happier he gets because he knows it will happen...
...message was short and simple: "Jean, I'm taking over." With more than 50% of the stock in her hands, Loida got what Loida wanted, which was a European snack-food and grocery business mired in debt. The smart money on Wall Street thought the inexperienced Lewis would surely flop...