Word: investors
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Dates: during 1990-1999
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...help cover their tuition. And only two cities, Milwaukee, Wis., and Cleveland, Ohio, use tax dollars to supply the vouchers. In 30 or so others, funding is provided by private donations. In Washington, for instance, Ted Forstmann, the head of investment firm Forstmann Little & Co., has joined with another investor, John Walton, to pledge $6 million in tuition assistance for 1,000 D.C. children. "I hope this will be the wave of the future," says Forstmann, "citizens taking responsibility for problems...
...country's most profitable cable networks. The dissidents believe that BET could be worth almost 50% more than Johnson is offering. "It's such a fabulous company that I see Johnson's offer as nothing more than preliminary," says Mario Gabelli, a high-profile media investor who complained to the Securities and Exchange Commission; other holders sued BET directly...
...plan for a phone company that would resell WATS long-distance service to local businesses. The name for the company--Long Distance Discount Services--supposedly came from a helpful waitress. "The only experience Bernie had operating a long-distance carrier was that he used the phone," recalls an investor in the original enterprise, which changed its name to WorldCom...
...companies with direct-purchase programs has doubled in the past 12 months, to 330. Eleven of the 30 companies in the Dow Jones industrial average have such programs. "Look for 20 Dow stocks to have them by the end of next year," says Charles Carlson, editor of DRIP Investor, a newsletter based in Hammond, Ind., that reports on direct-purchase and dividend-reinvestment programs. Just because a company offers stock for direct purchase doesn't make it a great investment. But it's a nice edge if the stock is one you'd like to own anyway...
This is no porn-biz expose. It shows no women lured into fornicating on film; it doesn't finger the Mafia as a crucial investor. When Eddie inevitably splits with Jack, he has nowhere to go; Jack is apparently the only director in pornland. Nor is there much eroticism; indeed, except for the film's final shot, where we get to see Eddie's penis (granted, a nifty prosthetic effect), Boogie Nights has little nudity--it's a sex film that stints on the sex. And Holmes, who died of AIDS in 1988, had a life far more bizarre...