Word: goldmans
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Dates: during 1990-1999
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Executive Jet is the brainchild of Richard Santulli, 54, a former leasing specialist from Goldman Sachs who still runs the company. What Santulli figured out is this: How many jets and how many owners do you need to ensure that each owner can be guaranteed a jet with as little as four hours' notice, anytime? Priced to make a buck, of course. Customers do not buy a particular plane so much as the right to fly on a jet of the class they have purchased. NetJets owners can purchase a fraction of a plane up to the whole thing...
...manner of garb deemed provocative--tank tops, oversize pants, clunky shoes, body piercings, ghoulish makeup and, of course, trench coats. Since the Columbine High School tragedy, "school leaders have been grasping at any policy that could contribute to a more civil, safe and tolerant school environment," observes Jay Goldman, editor of the monthly magazine School Administrator. And clothing is the most tangible of targets...
...everywhere. The quit rate, a measure of those who voluntarily left their most recent job, is at 14.5%, the highest in a decade. Even among those schooled in risk management, hotshot M.B.A.s who previously would have headed to Wall Street or Main Street, there is a predilection to spurn Goldman Sachs and Procter & Gamble in order to take a flyer on striking it rich quickly in dot.com land. "I didn't want someone in 20 years to ask me where I was when the Internet took off," says Greg Schoeny, a recent University of Denver M.B.A. who passed up opportunities...
Anyone who thinks Christine Jean got rich by winning a Goldman Environmental Prize in 1992 should take a spin in her antiquated Renault. Most of the windows don't roll down; the passenger-side door opens only from the outside; and the paint is pocked with rust. But Jean doesn't care. All her $60,000 prize money went to Loire Vivante, the umbrella group she has headed since 1987. Its mission: blocking a gargantuan dam-building project that could have destroyed beautiful landscape and fragile ecosystems surrounding Europe's last wild river...
...dagger in the heart" of the U.S. stock market, says Vincent Farrell, chief investment officer of Spears, Benzak, Salomon & Farrell, an investment firm. But he believes the dagger is well sheathed: "Interest rates have probably about run their course." Abby Joseph Cohen, who chairs the investment policy committee at Goldman Sachs, is more emphatic. Says she: "I think yields on long-term bonds cannot move much higher and stay there on a sustained basis...