Word: investments
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Dates: during 1980-1989
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When the ballclub signed the Brigham Young sophomore, it was prepared to invest X dollars and X years in the hope that he would become a major leaguer somewhere down the road. Similar gambles are made on dozens of similar prospects every year...
...Grand Avenue, Milwaukee. A $60 million, three-level shopping mall in the heart of downtown, the development will link two existing department stores three blocks apart. With financing from private and public sources (the Rouse Co. plans to invest about $15 million), the 245,000-sq.-ft. project is constructed around a 1915 landmark, the Plankinton Arcade, which is being brilliantly restored. Estimated completion date: spring...
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...
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...