Word: germanized
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Michael Schumacher vies with Tiger Woods as the world's best-paid athlete--last year they earned $75 million and $78 million, respectively. But while Woods' performance has been wobbly in the past two years, the German Formula 1 race driver has the opposite problem: he can't stop winning. Schumacher, 35, has been world champion six times, more than any other driver, and is on his way to his seventh title. In his 10-cylinder, 2,997-cc, 853-horsepower, carbon-fiber red Ferrari, Schumacher gets as close to perfection as is humanly possible at 220 m.p.h. The sport...
...bigger in Europe and Asia than in the U.S., the sport is seeking ways to expand in the U.S., the world's largest car market. But Schumacher's dominance is threatening that. Unlike Woods, whose earlier string of victories clearly contributed to golf's popularity, the fact that the German driver has already won 10 of the 11 F1 races this year is making fans yawn. F1 organizers fear Schumacher's superiority could dent TV viewership and jeopardize the huge amount of money--trade magazine Business F1 estimates it at $943 million--sponsors pay to have their logos plastered...
...deep pockets, spending $450 million on its racing team this year, compared with $35 million for Minardi, one of the smaller teams. And Schumacher has perhaps the fastest reaction time of any F1 driver. He began developing his skills early, racing go-carts when he was 4 and becoming German national junior champion at 15. When Eddie Jordan, head of the Jordan racing team, offered Schumacher a chance to drive Formula 1 in 1991, Schumacher broke the track record for the Jordan car the first day. Since then he has won 80 of the 206 F1 races he has entered...
Some of Europe's biggest foundations are also the most recent. They include a $1 billion foundation set up by Klaus Tschira, a co-founder of the German software firm SAP, that funds science competitions and antismoking campaigns, and a $250 million foundation set up in 2000 by Shell, the Anglo-Dutch oil giant. In Germany some newer foundations are following the example of Reinhard Mohn, who built Germany's Bertelsmann into a media powerhouse after World War II and in 1993 transferred the company's ownership to a foundation that now has about $900 million in assets. In Belgium...
...based on just pragmatism. A generational change in Europe's wealthy families has contributed to new charitable attitudes. As the entrepreneurs who rebuilt postwar Europe retire, many want to give back some of the bounty they have enjoyed. In a survey of 1,600 of the newest German foundations, the Bertelsmann Foundation found that more than 60% of them were set up by people over 60 years old--42% of whom don't have children...