Word: gulfstreams
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...more than $4 million in 1998. Among its other paid advocates: former Senator Dennis DeConcini; former Watergate assistant special prosecutor Richard Ben-Veniste; and Thomas Parry, former chief of staff for Senator Orrin Hatch, who heads the Judiciary Committee that considers such requests. Hatch has used Schering-Plough's Gulfstream IV jet five times this year for his presidential campaign, reimbursing the company at first-class-airfare rates, as permitted...
...president, Steve Ballmer. According to one source, Myhrvold, once hailed as Bill Gates' favorite geek, has been given the golden boot for putting his outside interests before his job. (Not your usual geek, Myhrvold pursues paleontology, cosmology, zoology, Formula One car racing, gourmet cooking and piloting his $38 million Gulfstream jet.) For the past year, Myhrvold has seemed to be on an unofficial sabbatical, out of the office more than he was in, according to a source inside the company...
...disadvantaged kids to superior schools is better than building another mansion in Aspen. And throwing money at a problem, contrary to popular wisdom, generally does help solve it. As Forstmann strides into the room like the Master of the Universe he is (he has made a fortune buying up Gulfstream Aerospace, Dr Pepper and General Instrument, among others), I'm prepared to give the attention due a dealmaker bringing his can-do attitude to social problems. Remember the appeal of Ross Perot's tinkering under the hood of government? "You get mediocrity in a monopoly when the worst teacher...
That's like saying take other passengers off commercial airliners, and we'll all be flying around in roomy comfort like Forstmann on his Gulfstream. Politics is at the heart of the debate over who gets what and who pays for it--whether a free nonsectarian school is one of the gifts of being born in America...
Today's givers match their money with their energy. Forstmann, who is chairman of Gulfstream Aerospace and a senior partner at a New York LBO firm he co-founded, spent a year canvassing the country, examining local school districts--the program will serve 40,000 students in 38 cities--and cajoling everyone from Michael Ovitz to Barbara Bush to join the fund's board of advisers. He got the idea for the venture after years of studying a similar financial-aid program in New York City. Nine out of 10 school kids who used money from the fund to attend...