Word: foundering
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...Blackstone-induced "class envy," as TV pundit Larry Kudlow has called it, is not the only reason Congress has suddenly developed an interest in the subject. Nobody proposes touching Schwarzman's big founder's stake, which slipped below $8 billion within days as Blackstone's stock price dropped. At issue instead is the mere $398 million he made as CEO last year, much of it in carried interest on Blackstone's investments. And the manner in which carried interest is taxed is enough to make even a megamillionaire corporate CEO envious...
...statement, Bill McComb, CEO of Liz Claiborne, said, "In losing Liz Claiborne, we have not only lost the founder of our company, but an inspirational woman who revolutionized the fashion industry 30 years ago. Her commitment to style and design is ever present in our thinking and the way we work. We will remember Liz for her vision, her entrepreneurial spirit and her enduring compassion and generosity...
...with the wireless carriers. Forrester Research has found that the percentage of consumers who are happy with their carrier has fallen steadily year after year, and more than 80% of those surveyed by Measuredup.com, a customer service rating site, aren't satisfied with their carrier's service. Measuredup.com founder Marc Karasu says consumers are tired of carriers burning through hundreds of millions on ads while ignoring major service problems. "Customers are screaming for better service," he says, "and if it doesn't come from the carriers, it will come from someone else...
...costs dropping, why can't you keep your messages, or download them to your computer? Imagine if Yahoo! let you keep just 30 or 40 email messages at a time. (Instead they offer unlimited, free email storage). "People treat voice mail like toxic waste," says Craig Walker, CEO and founder of GrandCentral, a startup that offers unlimited voice-mail storage. "They feel like they have to delete every single message. But what if they want to save something?" says Walker. "I have 10,000 emails in my inbox, which is incredibly valuable. I can go back and find...
...mail menus with seven options, none of which is a real human on the other end of the line. If the carriers don't step up their service, Google and other Web giants may find alternative routes for getting mobile services into the hands of consumers. Daniel Doutol, co-founder of SpinVox, an innovative voice-messaging startup, says it's just a matter of time before companies like Google and Yahoo! compete more directly with the carriers. Both portals, like Apple, have fiercely loyal fans. About 55% of those asked in a survey by Equs Group, a market research firm...