Word: foundered
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Dates: during 1980-1989
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...Beverly Hills Restaurant Association, it is unlikely the law will be repealed. "Posterity may find that this ban was well ahead of its time," says Patrick Reynolds, an antismoking activist and Beverly Hills resident who saw his father die of emphysema. He is the grandson of R.J. Reynolds, founder of the famed tobacco company...
...know, justice at Harvard began with the so-called "Three Lies" scandal of 1638. Although details remain hazy, the affair appears to have involved some back-dated checks passed by an undergraduate posing as the school's founder. Modern historians do not know for sure how the culprit was formally tried, but presume that justice was meted according to the custom of the day: the accused met behind closed doors with his adviser, his house tutor, and five members of the faculty, and then was thrown down a well to see if he could float...
Interest in public service businessmen is growing, the founder and chairman of what he described as the world's only public service entrepreneurial firm told about 20 people at the Kennedy School of Government yesterday...
...DINK dilemma is when or whether to have children. In 1986 the cost of raising a child to age 18 averaged almost $100,000; of course, that figure does not include future college expenses. Like many DINKs, William Cohen, 33, an Atlanta lawyer, and Susan Penny-Cohen, 28, founder of a headhunting firm for lawyers and paralegals, have not yet planned to reproduce. "As our income ^ grew, we found that we had less time," says William. Northwestern's Kotler suspects that the double-incomers' frenzy of consumption will exhaust itself, and more couples will see children as desirable: "Children...
McDonald's corporate structure has become a model often cited by management gurus. The company's highly decentralized management runs its franchises with an unusual mixture of strict regimentation and entrepreneurial freedom, a style handed down by the late company founder, Ray Kroc. On one hand, McDonald's is a stickler for uniformity, indoctrinating its future managers at Hamburger University, where they learn that a 5-gal. pickle pail must contain at least 3,000 slices. On the other hand, McDonald's realizes that corporate headquarters is not always the best place to come up with market-sensitive ideas...