Word: lefting
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Dates: during 1980-1989
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Defecting from law doesn't necessarily mean a depleted bank account. Howard Tullman, 44, left the Chicago firm Levy & Ehrens in 1981 because his busy travel schedule kept him constantly away from his family. The company he then founded, CCC Information Services, which provides data to the insurance industry, today has 1,000 employees and $105 million in revenues. "You can't become wealthy selling your time," says Tullman, now a multimillionaire. "There just aren't enough hours...
Then there are those who take a long jump into more creative endeavors. After becoming a partner at one of Minnesota's largest firms, Greg Howard left law to become a cartoonist. His Sally Forth strip is syndicated in 300 papers nationwide. "My writing skills as a lawyer have been helpful in cartooning, but certainly I have to use a lot fewer words," says Howard, 45. "I used to get 50 pages for a brief. Now I get 50 words for a comic strip...
...habit of discontent has been the engine driving their lives. And the only thing left to be discontented about is contentedness. Suddenly Barbara can't stand the way Oliver chews his food. Or his insistence on correcting the details when she tries to tell dinner-party stories. When he suffers what at first looks like a heart attack -- it turns out to be a hiatal hernia -- she cannot quite make it to the emergency room to fake anxiety and sympathy. That night, she proposes separation...
...raiders have often been victims of their success. Fancying themselves managers as well as marauders, they built huge but shaky empires that rested on debt. Result: their vast borrowings at sky-high interest rates left companies ranging from TWA to Allied department stores awash in red ink. "Many of the raiders' problems are self-inflicted," says Stuart Bruchey, a professor of economic history at the Columbia University Business School. "They jump into businesses that they don't understand, and expect to jump out with a quick profit. But they end up getting badly bogged down...
...foreman who became one of Canada's top real estate developers, Robert Campeau in 1986 went on a U.S. shopping spree. Campeau, 66, paid $3.6 billion for Allied Stores and won Federated Department Stores for $6.6 billion in a celebrated 1988 battle with R.H. Macy & Co. But the takeovers left Campeau, who had little experience in U.S. retailing, sorely overextended. His attempt to raise cash by selling off several chain stores brought disappointing proceeds, and then the women's apparel trade went into a slump...