Word: foundered
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Dates: during 1980-1989
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...launching of FORTUNE was proclaimed just one week before Black Thursday, the stock-market crash of 1929. (Its founder, Henry R. Luce, decided to go ahead anyway after learning from the experts that "this slump may last as long as one year.") Luce wanted a magazine of business that would go beyond "the stale Get-Rich Maxims of onetime errand boys." He knew that businessmen got as "kittenish as a Victorian subdeb" when caught in the public eye but was not prepared for how hesitant corporations were to open their doors. In those days, stockholders were entitled to little information...
Camp settings range from the spartan to the sublime. In Scotts Valley, Calif, Nolan Bushnell, the founder of Atari, will provide a rustic redwood scene where campers bring their own sleeping bags and mix VisiCalc with volleyball. The Computer Resort in Chico, Calif, sponsored by Texas Instruments, features jumbo-size steaks barbecued around a swimming pool. Princess Cruises in Los Angeles will coordinate 15 hours of classes with a ten-day sail that includes calls at Mazatlan, Puerto Vallarta and Acapulco. Cost: $1,995. Prefer your silicon seminars on terra firma? For $879, Club Med provides Atari computers along with...
...setting they can master," says Gymboree's founder, Joan Barnes, a former dance teacher...
...changes reflected the strength of opponents who attacked the increase as a bailout for major Western banks that have lent some $300 billion to developing countries. Declared Howard Ruff, founder of Free the Eagle, a 60,000-member group that spent more than $600,000 to fight the measure: "Every penny of the IMF money will flow right back to the banks, and they shouldn't be rewarded for getting us into this mess." Nader took a similar tack. Said he of the IMF'S activities: "The net effect is to allow large banks to pass off loan...
...business that Nohmura is grabbing involves the $4 billion science and technology fair in Tsukuba in 1985. It will be needing giant tents to accommodate sightseers. The young executive is driven not only by his country's competitive culture but also by family ties. His father is the founder and chairman of the company, which had revenues last year of $106 million. "If I failed to do as well as or better than the rest of the people in the company, I would end up a laughingstock as an executive," he says. Nohmura spends most of his mornings...