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...satisfied knowing that he's one of the few Internet entrepreneurs who rode the elevator to the penthouse and got off before it plunged earthward. That's not bad for a kid from the working-class south Boston neighborhood of Dorchester. Davis learned the basics as a salesman at GE and later at the now defunct office-automation pioneer Wang Labs--one of the hottest companies of its time before being blown away by DEC and others. In 1995 he was brought in by a fledgling venture-capital company, CMGI, to run a search-engine operation called Lycos (derived...
While some 120 insurance companies offer LTC, the top 10 to 12 companies, which include John Hancock, Conseco and GE Capital, write 80% of the policies. "The policies have moved away from the dreaded nursing home toward community-based care," says Timothy Otto, president of M and O Marketing, an insurance brokerage in Dearborn, Mich. "What most people want is to stay at home...
...lack the single-mindedness that regulation may bring, but they have been making ever more economical cars. Ford and GM are dueling it out over whose emissions are lower and whose suvs will get more mileage. Toyota and Honda are spending billions on hybrid engine cars, while companies like GE and Whirlpool are developing more efficient low-BTU mousetraps, like dishwashers that can be programmed to click on in the middle of the night. A few bones thrown its way, and business would surely do more...
...that it will be three to five years before tech stocks dazzle again. Too many investors bought tech near the top, and they'll be selling into rallies for years, he says. Further, the tech-spending slowdown is gaining momentum. "A decline in IT spending by big companies like GE and Morgan Stanley hasn't even happened yet. It's going to," Biggs says...
Incidentally, Bush was elected by scarcely more voters in Florida than there were members of the Harvard Board of Overseers who met Sunday on the 64th floor of the GE building in Manhattan to vote unanimously for Summers. This slim mandate means a soured economy, and no tax cuts may prompt voters to turn against Bush in the polls for his inability to stop the market slide. Perhaps he'll call on Baker Professor of Economics Martin S. Feldstein, another world-renowned economist who, like Summers, used to work in government but has since returned to the Academy. If Feldstein...