Word: investor
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Dates: during 2000-2009
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...shotgun marriage between Sears and Kmart is the brainchild of Kmart chairman and maverick investor Edward Lampert. A billionaire finance whiz who counts David Geffen and Michael Dell as clients and Warren Buffett as his idol, Lampert took control of Kmart when it came out of bankruptcy 18 months ago. Since then Lampert, 42, who also happened to be Sears' largest single shareholder through his ESL Investments, has turned Kmart into a cash cow, albeit a shrinking one. Although critics describe his moves as short-term fixes, he reduced inventory, slashed costs, limited discounts and sold off some of Kmart...
Lampert may have no operational merchandising experience--after Yale, he worked at Goldman, Sachs under the tutelage of Robert Rubin, and went off to start his own fund at age 25 with the help of legendary Texas investor Richard Rainwater. But Lampert does have ideas about how to run a retailer, such as an unwillingness to throw money at updating stores without clear evidence of a return, and a firm refusal to play the short-term, quarterly-earnings game that Wall Street so often demands. In April, he brought in a design team led by former Gap executives to freshen...
Harvard does not have to be so passive about where it invests its endowment funds, or how it approaches emerging political and security risk categories. Harvard is part of an institutional investor community that exacerbates human rights abuses in Sudan and sustains terrorist-sponsoring states by investing in PetroChina, Sinopec, and dozens of other companies active in the world’s pariah states. According to the Center for Security Policy’s Divest Sudan initiative, 87 U.S. public pension funds have invested more than $90 billion dollars in 83 public companies that maintain active business projects in Sudan...
George Soros is what people mean by the word moneyman. The Hungarian-born investor has a fortune estimated at $7.2 billion. He has been among the world's largest philanthropists, giving away some $4 billion over the decades. But after 9/11 he turned his attention--and his checkbook--to U.S. politics. Soros, 74, says he was unnerved by such Bush Administration rhetoric as Attorney General John Ashcroft's claim that people who raised concerns that the Patriot Act was a threat to liberty were aiding terrorists. Before Campaign '04 was over, Soros had become one of the largest political contributors...
...parents who have dared to venture into a Toys "R" Us, there has been plenty to complain about: outdated, badly stocked stores staffed by well-meaning but generally unhelpful employees. Even Ursula Moran, vice president for investor relations, admits that over the past decade, as it embarked on international expansion and the launch of Babies "R" Us, "the company was not focused [enough] on the U.S. toy business. We thought we had won, that we were...