Word: foundered
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Dates: during 2000-2009
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...CHARGED. Takafumi Horie, 33, founder and former CEO of Livedoor, one of Japan's largest Internet companies; with violating securities law, by a Tokyo district court; in Tokyo. Horie, whose arrest in January sparked a stock swoon that wiped out 80% of his company's market value, pleaded not guilty to allegations that he and other top executives falsified accounts and spread false information to boost share prices. An estimated 2,000 spectators lined up at the courthouse to see the tycoon, whose case has been widely covered in Japan...
...years the founder's rule has stood: Only members of the Swarovski family, two independent board directors and a few dozen top managers have unrestricted access to the production facility. Even the 6,200 employees who work in the factory (and they make up the better part of the population of Wattens) see only bits and pieces of the production cycle...
...feel that what we have learned over time is a big asset for the company," says Markus Langes-Swarovski, 32, an executive-board member who oversees branding and communication and is a great-great-grandson of the company's founder, Daniel Swarovski. "Protecting your know-how is one element of showing appreciation for what you've achieved...
...Establishing authenticity is very important for all luxury companies," says Robert Buchbauer, 40, a great-great-grandson of the founder who directs the company's consumer-goods business. "The more interchangeable products become, the more important it is, but so far we're in the lucky position that our product is unique...
...said during the July World Cup final that provoked star French footballer Zinedine Zidane to head-butt him after he grabbed Zidane by the shirt and the Frenchman told him, "If you want, I'll give you the jersey later." "Calm down. Breathe. We hear you." MARK ZUCKERBERG, founder of the networking site Facebook, in response to protests about a new feature that updates users' home pages with fresh information that their friends have posted. Users called it an invasion of privacy. Facebook is "aggressively evaluating" the feature Sources: U.S. Newswire; whitehouse.gov New York Times; Gazzetta dello Sport; Philadelphia Inquirer...