Word: houston
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...close as 5 miles apart. And in the spaces between, it's tormenting local grocery and convenience stores with Neighborhood Markets (call 'em Small-Marts). Wal-Mart is building its first urban Supercenter, in downtown Dallas. And without fanfare it is testing used-car sales alongside one of its Houston stores. "It's surprising how much room we have for growth," says Robson Walton, 58, Sam's son and the company's nonexecutive chairman. "I'm not trying to be flippant," adds Lee Scott, 52, Wal-Mart's CEO. "But simply put, our long-term strategy is to be where...
Waller lists the places he has traveled with the Choir, among them Japan, the Netherlands and Alaska and the celebrities he’s met—the last two presidents, Whitney Houston, Brandy, Santo Domingo. “I never would have been there [otherwise]. The best part of the Choir is that you get the travel to places you’ve never seen...
Take in a ball game at the stadium that bore Enron's name, and you'll be sitting in a place now called Minute Maid Park. The tilted E that blazed in front of Enron's Houston headquarters is gone, sold at auction. At its offices, a pared-down staff administers old contracts and remaining assets like gas pipelines and power plants. It's nothing like the days when secretaries received gifts of Waterford crystal and executives jetted to luxury resorts to party. Enron's Christmas bash this year: an afternoon gathering in the lobby with coffee, cookies and music...
...extent retain currency. Energy traders still use financial instruments that Enron pioneered in order to hedge against price swings. As for those notorious off-balance-sheet partnerships, "they can be used legitimately for financing projects in high-risk countries," says Michelle Michot Foss, an economist at the University of Houston...
...decided he did not want the presidency badly enough. When Houston-based Halliburton, the oil-services giant, offered him its vacant CEO position, he took it, earning some $2 million a year. And when Bush II came along with the offer of Vice President, Cheney hesitated to return to politics - but not for long. He loathes only the retail kind of politics, the gripping-and-grinning, baby-kissing, self-aggrandizing, self-abnegating politics. Cheney loves and flourishes in a different political arena. It is the one that few outsiders see, the one in which, particularly in this Administration, all decisions...