Word: go-go
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...past decade brought go-go growth but left huge debts, an S&L disaster and an array of postponed problems. The '90s will be a time to fix up, clean...
...could a firm long heralded for its go-go brilliance stumble so badly? Somehow the company that transformed the advertising industry worldwide during the 1980s seems to have lost its alchemist's touch. Deepening the management mystery, Saatchi & Saatchi profits fell while its global advertising business continued to thrive: the company's revenues reached $1.5 billion this year, up from $1.35 billion...
...kind of raider-dealer is exemplified by Larry ("Go-Go") Gagosian, who a few short years ago was selling posters out of a shopfront in Los Angeles but recently, with massive financing, tried (without success, according to dealing sources) to take over the estate of the senile but still living Willem de Kooning...
...sought to keep his savings and loan operating even though the Federal Home Loan Bank Board (FHLBB) in San Francisco had found enough bad loans and shaky business practices to shut it down. After Keating purchased Lincoln in 1984, he switched from investing in safe, single-family mortgages to go-go deals in raw land, junk bonds and huge development projects like the $900-a-night Phoenician Resort in Scottsdale, Ariz...
Many companies are still trying to figure out how to use effectively the computers they bought during the go-go era of a few years ago. The head of Eastman Kodak's computer operations, Katherine Hudson, says her computer budget barely grew at all this year, in contrast to an increase of more than 15% last year. Rather than buy new hardware, she is "looking for ways to make past investments pay off first...