Word: icarus
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Dates: during 1990-1999
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...Martin announced Thursday it wouldn?t be upping its 1 percent investment any time soon. Iridium will miss its next interest payment to bondholders, and its bankers have given it until August 11 to come up with a new business plan. The Wall Street Journal has nicknamed the company "Icarus." What went wrong? TIME business writer Karl Taro Greenfeld says Iridium showed up at the telecom party a little too early...
Remember the Greek mythological figure Icarus who flew too close to the sun on wings of wax? The modern-day version is Barry Sternlicht, the highflying CEO of Starwood Lodging Trust, which is in a vicious proxy contest this week with Hilton Hotels for control of ITT Corp. By topping Hilton's offer with a $10.2 billion bid for ITT, Sternlicht has thrust himself into what had been a very personal battle between Hilton CEO Stephen Bollenbach and ITT boss Rand Araskog--and thus into the public spotlight. Sternlicht is a Wall Street darling. His stock, including dividends, has soared...
Call it hubris, call him Icarus--L.I. Slim has wafted back down to earth. But he's not ready to start flipping coins just yet. At 25-13-3 (and a six-notch cushion over mortal enemy Kansas City), he has yet to have a losing week, and yea, tho the soph blues weigh on him, that fog still parts a few times a week. The locks for Week 11: The Seahawks. Last week's cover-buster against Denver was portent for a slaughter in San Diego. The Steelers will win, and win big. The no-offense sleeper vs. Chiefs...
...potent example is the image of a moonlike abandoned space station which was sent into orbit before the war and whose mission humankind can no longer afford to effect. Stranded and starving to death, these astronauts become for Turnbull a modern Icarus, or maybe even the hapless architects of a new Tower of Babel. Looking into the sky, those on earth see palpable evidence of the waning power of man. These ideas are very fruitfully explored and seem the continuation of certain aspects of Brazil, and even Too Far To Go, though on a very different scale...
...once we enter the "real world" the burden of social justice descends and without prior experience we are liable to either crumble under its weight or refuse it outright. Beware students: beware Icarus, the boy who thought he could soar to the high heavens on flimsy wings...