Word: foundered
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Dates: during 2000-2009
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...July 1, 1979, Sony Corp. introduced the Sony Walkman TPS-L2, a 14 ounce, blue-and-silver, portable cassette player with chunky buttons, headphones and a leather case. It even had a second earphone jack so that two people could listen in at once. Masaru Ibuka, Sony's co-founder, traveled often for business and would find himself lugging Sony's bulky TC-D5 cassette recorder around to listen to music. He asked Norio Ohga, then Executive Deputy President, to design a playback-only stereo version, optimized for use with headphones. Ibuka brought the result - a compact, high-quality music...
...world-famous brand can be a blessing and a curse. Ask Claude Nobs, founder and moving spirit behind the Montreux Jazz Festival, www.montreuxjazz.com, which will run for its 43rd season July 3-18 on Switzerland's Lake Geneva. Nobs, an energetic 73-year-old, was recently in London to help celebrate the 50th anniversary of his friend Chris Blackwell's Island Records, which brought everyone from Bob Marley to U2 to world prominence. Passing out leaflets for Montreux at a commemorative concert in London, Nobs says more than one hipster handed them back with the words, "Jazz? No thanks...
...eyewear manufacturers are blind to these differences. Tom Davies is the founder of London-based firm TD Tom Davies, www.tdtomdavies.com, which specializes in custom-made, fashionable face furniture. He launched his business in 2001 after spending three years designing glasses for brands including Tom Ford, Gucci and Puma. "I was frustrated that my mass-produced frames didn't really fit anyone," he says. "I wanted to create the equivalent of a bespoke suit." That vision has earned Davies fans such as Richard Branson and Kevin Spacey. (See the best new travel products, gadgets and trends...
...declined to be interviewed, but in a first-person account of the Fiat turnaround published in Harvard Business Review, he talked about how he had abandoned the "Great Man model of leadership" that long characterized the Italian firm. Fiat's Great Man was the late Gianni Agnelli, grandson of founder Giovanni, whose family was nothing short of Italian industrial royalty and still controls the firm...
Richman is the founder of Radio Diaries, which airs on NPR's All Things Considered