Word: foundering
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Spicy chicken and wildly extravagant living are what Louisiana native Al Copeland will be best remembered for. The founder of the fast-food chain Popeyes Chicken & Biscuits, Copeland stumbled at first with a bland recipe but found success in 1972 when he used local Cajun flavors. His business ideas didn't always produce results, particularly in the case of his 1989 purchase of Church's Chicken, which ended in bankruptcy. Yet whatever his success, he wasn't shy about public displays of wealth, indulging in over-the-top Christmas-light displays and Lamborghinis and Rolls-Royces--though he generated less...
...Founder's Dilemma...
Only a figure like Schultz can pull off such bold action, says Rüdiger Fahlenbrach, an assistant professor of finance at Ohio State University's Fisher College of Business who has studied the return of founder CEOs. "A founder may come in, and because he started the company, people more readily accept these things," says Fahlenbrach. That's clearly what's happening at Starbucks. "Howard, frankly, is the only person who could do what we needed to do," says global strategy head Gass. That courage was on full display on Feb. 26, when Starbucks closed...
...true. But it is also true that for what Bob Reitemeier, chief executive of the Children's Society, calls a "significant minority" of British children, unhappiness - and the criminality, excessive drinking and drug-taking and promiscuity that is its expression - really have created a crisis. Says Camila Batmanghelidjh, the founder of Kids Company, an organization working with some of London's poorest young: "If I was sitting in government, I'd be really worried - not about terrorist bombs but about this...
Reagan invited a group of 52 scientists and national security experts to the White House Wednesday night to view his speech and be briefed by top officials. Some of those who attended, such as Teller and David Packard, a co-founder of the Hewlett-Packard Co., were longtime advocates of ABM research. Said Packard: "Technology has moved ahead to the point where we could design a ballistic missile defense system which could be fully effective. If both sides had a defensive system, it would be stabilizing...