Word: groupe
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Dates: during 1990-1999
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Gregory Slayton, CEO of ClickAction Inc., is also running George W. Bush's Silicon Valley campaign, and he's convened a group of 30 well-scrubbed executives for a breakfast at Scott's Seafood Restaurant in Palo Alto. Slayton is decked out in a dark blue suit and a SILICON VALLEY BUSH 2000 baseball cap. When he laughs, he throws his head back and rolls his weight onto his heels. He greets guests by simultaneously shaking their hands, slapping their backs and bellowing, "Buddyhowareyagoodtoseeyouman!" Watching him, it's easy to forget that it is not yet 8 in the morning...
Slayton shares Bush's sunny, crowd-pleasing disposition. Enthusiasm comes easy to him. Midway through the breakfast, when Jack Oliver, Bush's national finance director, calls to tell the group that the Governor won't be phoning in as promised, Slayton reacts as if this is good news. "Thank you so much for calling in, Jack. It's an honor to be part of the team. We're rocking out here." At the end of the event, he's a whirlwind of handshakes and high-fives. He is halfway out the door when he buttonholes an attendee: "Kiddo...
Manufacturers hope the ease of the interface will win over people who have given up mastering their VCRs. The result, if users embrace it, is the telefuturist's grail: TV on demand. "It takes away the meaning of prime time," says Rob Enderle, an analyst at Giga Information Group. "The time a show is broadcast becomes meaningless." ReplayTV allows users to create "channels" based on search criteria, like home-improvement shows or Steve McQueen movies. TiVo lets you search by category and makes recommendations based on how you have rated other programs...
...been so extreme. At the current pace, investors will cash out $732 billion from stock funds this year, equal to 22% of the industry's $3.4 trillion in stock-fund assets. That percentage has run in the middle teens since 1990, according to the Investment Company Institute, a trade group. Why all the selling? Possibly online stock trading and Internet speculation--not to mention frustration with middling returns--are redirecting money away from stock funds...
...Assuming the Risk: The Mavericks, the Lawyers, and the Whistle-Blowers Who Beat Big Tobacco (Little, Brown; 384 pages; $24.95), Michael Orey, an editor at the Wall Street Journal, describes the American journey from a public attitude of "Tough luck, buddy" to the group-grievance activism of the '90s, brought to lucrative fruition in lawsuits--by Mississippi, Minnesota and 38 other states--that have extruded from the tobacco industry the promise of close to $250 billion, to be paid out over 25 years...