Word: foundered
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Dates: during 2000-2009
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...sorry I did it." STEVE CASE, co-founder of AOL, apologizing for his company's 2001 merger with media giant Time Warner (owner of TIME). The deal wiped some $200 billion from the corporations' market value
...Pickens, best known as the founder of BP Capital and Mesa Petroleum, admits horse slaughtering was not high on his agenda until his wife, Madeleine, who raises thoroughbred horses, got involved. "My wife is a great animal lover. I'm more passive. She's more aggressive," he says, with a laugh. Paula Bacon, the mayor of Kaufman, Texas - where one of the plants, Dallas Crown, is located - alerted them to the problem. "Paula Bacon told me the kill plant had $12 million in gross revenues and only pays $5 in taxes but it clogs the sewage system up." A court...
...They are part of the healthiest retirement generation to date. "A second, noncore career with a focus on service will be their hallmark," predicts Marc Freedman, founder and president of Civic Ventures, a think tank dedicated to helping people find personally rewarding careers and volunteer work as they...
...traces the irresistible rise of Tiffany & Co. from its inception in 1837 as a small fancy-goods store on New York City's Broadway, and how the company instilled its jewelry with what curator Clare Phillips calls a "subtle patriotism." Nicknamed the "King of Diamonds" by the U.S. press, founder Charles Lewis Tiffany aspired to supply items for every milestone, from gold armlets for newborns to onyx mourning crosses to remember the American Civil War dead. Tiffany's designers often worked with such U.S.-sourced gems as Montana sapphires and Mississippi River pearls, and favored American naturalism over European historicism...
...trouble for the Quijorna Golf Club, located 40 km outside Madrid. Here only rainwater is used to keep the 18-hole course green. And if nature doesn't cooperate in irrigating Spain's first ecological golf course, then let it be brown, explains Paco López, founder of the Quijorna Golf Club...