Word: grows
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Dates: during 1990-1999
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...performance of AT&T: fire nearly everyone in sight. It's Act Two--creating sustainable, profitable growth--that seems to be the tricky part. Companies such as K Mart have performed brilliantly in the Sweeney Todd role, slicing overhead and enjoying the resultant earnings boost, but have failed to grow once the cutting stopped. That's the real problem facing Gerstner in the mirror each morning...
...worth noting that establishing growth at a company the size of IBM--with $72 billion in sales last year, it is the 18th largest on the planet--is no mean feat. In fact, to grow at the 7% rate their corporate bosses are planning, IBM's sales force has to discover economic opportunities the size of Bolivia's gnp each year--north of $5 billion in new business. And while some passionate analysts expect IBM to pull that off elegantly (and hit $200 a share by 1998), others consider the company already stressed: thus the yo-yoing stock price, which...
...looks like a highly profitable choice. IBM's service sector, with sales of $12.7 billion, is pegged to grow at around 25% a year--that's good news, since the company can sell real brainpower rather than its quickly obsolete silicon counterpart. The group is growing so fast, says Thoman, that it's facing a challenge that's novel even for IBM: locating 15,000 talented new bodies to throw into the business next year...
What makes this combination particularly shameful is that money can buy so much of the pleasure and freedom that ordinarily belong to the young. Poor children living in scary neighborhoods have to grow up fast. But affluent grownups can prolong their own childhoods through years of higher education and sheltered internships. They can spend money on therapies that explore the "inner child." They get to play too, well into the Centrum Silver years, at the kind of outdoor sports any kid would love. All of which is fine, except when these charming traits are combined with indifference toward the condition...
...Martha Stewart special can teach you how to bake perfect apple pies or grow rose gardens the neighbors will envy. But have you ever seen Stewart brew her own beer...