Word: leader
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Dates: during 1990-1999
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...largest publicly owned greeting-card company, with $2 billion in annual revenues, lost $800 million in market value, tumbling 33%, to $23.25, after warning investors that dumping excess inventory would hurt near-term profits. Gibson Greetings' stock is limping along below $9, down from above $29 last year. (Industry leader Hallmark, with $3.9 billion in sales, is private.) Says American Greetings CEO Morry Weiss: "When you disappoint people, confidence will take a while to come back...
...million ad campaign behind the new product. (Tag line: "Why not?") Hallmark too is trying to ignite sales in its 20,000 mass-market retail outlets and erase any notion consumers might have that it's a high-priced product. But the move--remember Marlboro Friday, when market leader Philip Morris cut the price of smokes?--will fall heavily on its struggling rivals, who can least afford it. "When the leading brand advertises so strongly on price, it's very disturbing," grumbles Frank O'Connell, CEO of Gibson. "They're going to pull pricing down for other companies by trying...
...real killers. A spokesman for the Revolutionary Armed Forces of Colombia (FARC) claimed at the time that the three U.S. humanitarian workers--Terence Freitas, 24, from California; Lahe'ena'e Gay, 39, from Hawaii; and Ingrid Washinawatok, 41, from Wisconsin--were abducted and killed by a local squad leader acting without higher orders. Their bullet-riddled bodies were discovered March 4. But Colombian military intelligence intercepted a radio conversation between the squad leader and his senior officer, German Briceno, in which Briceno ordered the squad leader to "kill these sons of bitches." Although an arrest order has been issued...
PREMIER ZHU RONGJI Perky Chinese leader meets boyish American President. If they were roomies, we would have a sitcom...
...advertised, FAMILY TREE MAKER from Broderbund (about $82 for the deluxe 15-CD version; $45 for the four-CD version; Windows or Mac) is the easiest and most complete software package available--ideal for beginners. With more than 2 million in sales, it's also the industry leader. The 15-CD package includes a Family Finder index on three CDs, with information on more than 200 million people; two more CDs listing Social Security death-benefits records; five volumes of actual family trees for tens of thousands of families; and an international marriage-records index for more than 1 million...