Word: marketing
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Dates: during 1990-1999
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...which until recently took an active role in overseeing takeover deals in the financial sector, has remained silent at the outburst of cannibalism. "France is eager to remain in the race, and there's an overall feeling that [its institutions] have to be a bit more Anglo-Saxon, more market oriented," De Lamaze says...
...Wall Street, about as sentimental as a dollar bill, issued its own greeting to the industry recently: "Get lost soon." In a single day's trading in February, American Greetings, the nation's 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...
...only real solution to the problem may be a more dynamic and educated populace that chooses to analyze the issues itself. Until we make the political market more egalitarian and until the political currency changes from dollars to discourse, we will continue to have a quasi-democratic system where an involved few drag along, kicking and screaming, an indifferent many...
...paraded through the Yard in recent years. The conventional wisdom is that Greenspan will not--in fact, cannot--say anything of import, because if he did, it would cause significant shocks to the world economy. In a now-famous incident in 1996, Greenspan commented that gains in the stock market at the time might have been caused by "irrational exuberance." In response to his skeptical comments, markets around the world tumbled...
...know what to think. Headlines the next morning ranged from "Frenzy for Internet Stocks Gains Backer--Greenspan" (Washington Post) to "Fed Head Warns Against 'Net-Stock Hype" (New York Post) to "Asked About Internet Issues, The Fed Chairman Shrugs" (New York Times). Of course, all the major stock market indexes showed sharp gains that...