Word: kellogg
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Dates: during 1980-1989
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...foundation began operations after the death in 1978 of Entrepreneur John D. MacArthur, sole stockholder of the Bankers Life and Casualty insurance company. With assets of $930 million, the foundation is the nation's fourth largest (after the Ford, Johnson and Kellogg funds). MacArthur left the disposition of his money up to the trustees, who hit upon the idea of making creative people free of financial worries. Says Harvard Psychiatrist Robert Coles, a winner in 1981: "I can't help but begin to wonder what life will be like when this is over...
Whatever their preferences, members of the current crop of M.B.A. graduates are finding that they must work overtime to land jobs. Says Michael Ferric, 24, who will graduate in June from Northwestern's Kellogg Graduate School of Management: "We were told to get out there early and get our names in people's faces and not stop-to just keep hitting and hitting and hitting." This year, in other words, there is little chance to succeed in business without really trying...
...aspect of capitalism. Like a forest fire that creates more productive land by burning off dead trees and scrub, the failure of one company often yields markets, capital and skilled labor that fuel the growth of another. Says Eugene Lerner, professor of finance at Northwestern University's J.L. Kellogg Graduate School of Management: "For a long time, thanks to inflation, a lot of firms found it convenient to borrow a lot more than was prudent. If inflation had continued, these same guys would have been millionaires. But someone always gets caught when the merry-go-round stops...
James Worthy was the last of the big stars to make the jump, joining Terry Cummings, Dominique Wilkins, Clark Kellogg. Quentin Dailey & Co. The only top returning next year will be Ralph Sampson, and he would have gone too it the Los Angeles Lakers had been able to put together a deal to guarantee the Virginta center that he would end up in the smoggy city...
...Kellogg...