Word: giant
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Dates: during 1990-1999
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...expects Archer-Daniels- Midland to change its advertising slogan from "Supermarket to the World" to "Price Fixer to the World." But that sobriquet would fit in the wake of the agribusiness giant's $100 million plea bargain last week with the Justice Department...
...offered to "make the man immortal, ageless, all his days." But Odysseus says no. He wants to go home. Those who have never read any translation of the Odyssey will find much that is familiar in Fagles' retelling of the hero's homeward adventures. The cannibalistic one-eyed giant Polyphemus; Circe, the temptress who turns her prospective lovers into swine; the Sirens, whose songs lure seafarers to shipwreck: we have somehow heard of all of them...
...factors that can threaten to change everything about a business in an instant. Just as the car turned horse buggies into curiosities, new technology like the Internet, Grove predicts, will render obsolete hundreds of businesses that are thriving today. The lessons Grove has learned in building Intel into a giant resonate beyond the inside of a PC. "People who try and fight the wave of a new technology lose in spite of their best efforts," he writes. "They waste valuable time...
...surprising smell emanates from Only the Paranoid Survive (Currency Doubleday; 202 pages; $27.50), a literate new business-technology book from Intel CEO Andy Grove. The first wave comes as he describes how the microprocessor giant narrowly avoided tanking after shipping defective Pentium chips and then ignoring customer pleas for help in 1994. Another whiff drifts by as Grove recounts Intel's stumbling exit from the memory business just in time to avoid becoming lunchtime sushi for chip-dumping Japanese megaliths. And the scent grows stronger as he chronicles his decision not to orient his company to the Internet. The aroma...
Your article on the mutual-fund giant Fidelity Investments [BUSINESS, Sept. 30] included the terms arrogance, aggressiveness, young, cocky competitiveness, volatility, obnoxiousness and the phrase "wandering far from their ostensible mandates." Is this type of behavior consistent with the fiduciary duty owed to the client by a fund? The advent of the investment supermarket appears to have transformed investors into mere customers. Caveat emptor. MARK JASAYKO West Vancouver, British Columbia...