Word: investments
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Dates: during 1980-1989
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...former marketing manager at Intel, a computer-chip manufacturer. When Markkula offered his expertise and $250,000 of his own money, Jobs and Wozniak made him an equal partner. Markkula helped arrange a credit line with the Bank of America and persuaded two venture capital firms to invest in Apple...
...News, Van Sauter, a large and relaxed ex-newspaperman and station manager, thinks news can gain from the energy of sports coverage. He believes that sports bring the viewer (in a phrase he found in a textbook somewhere) "the sweet resolution of anxiety." Viewers make an emotional investment in a player or team that intensifies their watching interest, and, by the end of the game, their hopes have been satisfied or their worries confirmed. Sauter thinks viewers also invest emotionally in people they see in the news. Trouble is, there is no final score anxieties, the end of a newscast...
...high overhead and the start-up costs of a misguided (and now discontinued) afternoon edition helped push the News's losses to $11 million last year. This year, according to insiders, they are expected to exceed $20 million. To turn the paper around, a buyer would have to invest $50 million in its aging physical plant and win contract concessions from its 3,800 employees. Last week, amid rumors that the News would close within a month, George McDonald, the normally tough-talking president of the Allied Printing Trades Council, was purring with conciliation. Said he: "Everyone thinks...
Walter M. Cabot '55, president of Harvard Management Corporation, which manages the University's $1.7 billion endowment will invest the money in Treasury bonds which he said yesterday should earn more than $11 million next year...
Small business can more profitably invest its research dollar in the application of previously made discoveries, he added...