Word: garnick
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...Gregg Garnick learned a lesson about control the hard way. In 1994 he started a technology business in his basement with $100,000 in personal savings. His company developed video-capture cards for laptops, the forerunner to digital-video-disc technology. When the business started to grow, Garnick went to a venture capitalist. By 1996 Garnick's company had come up with the technology for DVD decoding. Says Garnick: "We were the first company in the world to demonstrate working dvd capability...
...when a big-dollar deal fell through, Garnick felt increasing pressure from his venture capitalist to hit the numbers in his original business plan. He was eventually told to hire a president to oversee operations. Garnick says he stepped down as CEO "for the good of the company," though he continued as chairman. But he says, "I was being boxed out of key decisions." Garnick resigned from the board of directors a few months before the company went public last July. The company's market capitalization is now about $250 million, 5% of it Garnick's. The moral...
...addition to Antman the institute's recognized specialists are Drs. George P. Canellos, Emil Frei III, Marc B. Garnick, Jay R. Harris, Philip W. Kantoff, William D. Kaplan, Peter M. Mauch, Robert J. Mayer, Lee M. Nadler, Stephen E. Sallan and Howard J. Weinstein...
...students marched on, arriving at the campus at 3:30 p.m. "The whole street was filled with people, like a peace march," Garnick said...
...fight began among UMass students, who decided to take it to Amherst College. "Basically, we decided to combine forces against the common enemy," said UMass student Darren Garnick...