Word: marteli
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...standings by looking at the tycoons' fortunes in relation to the country's total GNP. So even if Gates ratchets up the billions, the immensity of the economy makes it hard for him to move up very far. By the way, with the exception of Sam Walton of Wal-Mart (No. 14), everyone on the list ahead of Gates made most or all of his fortune before there was an income tax. Other living Americans on the list: Warren Buffett (39), John Kluge (70), Paul Allen (75), Sumner Redstone (87) and Ron Perelman...
...Mayor Terry Overmyer of Fremont, Ohio, who has been battling the Postal Service for two years in hopes of quieting the giant sucking sound of outlying megamalls and superstores. "They wanted to move our post office out by the Wal-Mart. We offered them whole city blocks downtown, but they just ignored...
TORONTO: An Ontario labor board ruled that Wal-Mart, the world's biggest retailer, must work with organized labor for the first time in its 35-year history. In pursuing unions as corporate bogeymen, Wal-Mart at last overstepped its reach. Even though a vote last May on unionization at the company's Windsor, Ontario store failed 151-43, the result was deemed "meaningless" by the board since company officials had implied that they would close the branch if the vote passed. Ed Gould, a spokesman for Wal-Mart Canada, says that Wal-Mart stands firm in its belief that...
...this rate, it is only a matter of time before Tommy's becomes a Pizza Hut and Cardullo's is replaced by a Star Market. A Wal-Mart might soon open in the courtyard of Dunster House. Even specialty stores are at risk; how long will it be before Hubba Hubba is driven out of business by an S&M mega-store...
...McDonald's trains a burger flipper to use a computer to monitor inventory," says Shapiro, "the employee's new skills may enable him to win a better position with Red Lobster or K Mart, and the competitor reaps the benefit of McDonald's training investment." This market failure hits average workers hardest. As Clinton has noted time and again, large corporations spend whatever is necessary to ensure that their executives are up to date on management techniques because, says Shapiro, "improving the decisions of supervisors produces higher returns from the workers they direct." Those at the top receive the education...