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Charter, which has interests in oil, insurance and publishing (Ladies' Home Journal, Redbook), agreed to invest up to $30 million in the Bulletin in the next four years "if labor will join hands and help." Some think it may be too late. "In the long run, it's not going to make any difference," says John Morton, a publishing analyst at John Muir...
...keys to Sambo's initial success was a potent profit sharing plan called Fraction of the Action. This allowed a restaurant manager to invest $20,000 to buy 20% ownership of his operation. When the plan was started in 1967, it attracted a small army of businessmen willing to put in long hours in return for the promise of making it big. Recalls John Puccinelli, who was a restaurant manager for three years in Concord, Calif.: "They recruited us by saying that if you'll stay with Sambo's for ten years...
Business Tax Relief. The package allows for faster depreciation of investments by businesses: plants can be written off in ten years, equipment in five years and vehicles in three years. This "10-5-3" formula, strongly favored by corporations and their lobbyists, should theoretically encourage businesses to invest in new factories and replace obsolescent equipment. Some critics, however, worry lest companies use some of their tax savings for other purposes-to reward stockholders with higher dividends, say, or buy up other businesses in the current urge to merge. But Ted Eck, chief economist for Standard Oil Co. (Indiana), does...
Venture capitalists generally avoid investments in entertainment, such as Broadway shows, real estate or oil drilling. Says Burgin: "The potential sales have to be in the $100 million range. We can't invest in fads...
Says William Burgin, a partner in New York's Bessemer Venture Partners: "We prefer to invest in people with a track record, or we find a good manager for someone who comes up with a good idea." One such person was Irving Tague, who had been general manager of Hughes Airwest, a West Coast airline. Tague headed a group of executives that founded Chicago's Midway Airlines in 1979. The company, which was launched largely with $6 million in Bessemer venture money, earned more than $3.4 million during this year's second quarter alone...