Word: levins
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Dates: during 2000-2009
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...company (which owns TIME) can use all the help it can get. Ever since Case, then head of AOL, and Gerald Levin, then chief of Time Warner, agreed two years ago to complete the $106 billion deal in which the online upstart bought the old-media giant, their union has produced a Shakespearean torrent of pain and recrimination. As the Internet bubble burst and advertising slid into recession, the company's executives were slow to adjust their lavish profit-growth promises to Wall Street, which struck back hard. Having tumbled from a high of $56.60, the price of AOL Time...
...gone. Thursday, AOL Time Warner announced that current CEO Richard Parsons would assume Case's post as well. Yet nobody is quite giving up on the world Case and Gerald Levin were betting on three years ago - whenever it may arrive. "Resignation May Help Ground a Visionary Medium," a New York Times story suggested; "Steve Case, Genius" was the title of an Op-Ed by journalist Nina Munk, who is writing abook on the travails of the combined company. "It took more than seven years before Wall Street acknowledged that the 1990 merger of Time and Warner was a success...
...expats know that when it comes to those desperately missed foods, there's no place like home. So, to win over the die-hard New Yorkers with his deli, Levin says he knew only the real stuff would do. "My suppliers tell me I can get cheap pastrami from Australia," he laughs. "Right." Instead, Levin goes straight to the source. His rye bread is par-baked in New York ovens (with New York water), then finished in Hong Kong. His salami comes from the famed Katz's delicatessen. And the bagels-which will fool even the most hardened Manhattan bagel...
...Levin's global village, breads and bagel dough are transported frozen by boat, while less easily preserved treats are brought in via suitcase or FedEx shipment. And said shipments have recently increased in frequency thanks to their most popular dessert: a collection of cakes that positively ooze with nostalgic sponginess, gooey creamy centers and utter American-ness-Twinkies, Suzie...
...sandwiches and snack cakes have proved to be such a success that Levin says he hopes to win over more than carb-craving expats. But teaching a stable of local restaurant pros to find their inner short-order cook hasn't been quite as easy. "We've had these accomplished Chinese chefs trying to learn to make a Reuben," Levin laughs. "It's been pretty funny...