Word: franchisee
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Good luck. The smart guys in Silicon Valley, whose condescension toward AOL has risen in direct proportion to its embrace by the public, have never considered the company a serious technology player. "America Online has built an exceptional franchise on a technology base that could charitably be called dated," says...
While Reuther was a social activist, Hoffa focused on the exercise of power. The U.A.W. was organizing auto factories that had thousands of workers; Hoffa focused on small trucking companies with a simple two-step campaign. He would threaten to bomb employers' trucks if they didn't enroll in his...
Almost half a century before Ray Kroc sold a single McDonald's hamburger, Ford invented the dealer-franchise system to sell and service cars. In the same way that all politics is local, he knew that business had to be local. Ford's "road men" became a familiar part of...
Kraft, like so many other franchise owners in all of the major sports, felt the state owed him a living. He demanded, and eventually received from Connecticut, a publicly financed stadium, a raft of tax breaks and numerous financial guarantees. Were it not for the strong opposition of House Speaker...
To entice the Patriots to Hartford, which only two years ago lost its NHL franchise, Gov. John G. Rowland had to commit $1 billion to a new convention center and stadium on its dilapidated waterfront. Meanwhile, the city--one of the nation's poorest--struggles to fund its schools. Hartford...