Word: middleman
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Walk on the moon, and people want a piece of you. It can get to a guy. For Apollo 11 commander NEIL ARMSTRONG, the fiber that finished him was hair. An Ohio barber sold clippings of Armstrong's hair for $3,000 to a middleman, who got them to a Connecticut collector of curls from Abraham Lincoln, Charles Dickens, Marilyn Monroe and others. When news got back to Armstrong, he had his lawyer shoot a letter to the barber demanding the return of his hair or a $3,000 donation to charity. But the barber had already spent the cash...
...alone, $53 billion flowed in?the first time China eclipsed the U.S. as the No. 1 recipient of foreign investment. But all that cash isn't drifting in on global trade winds. Matching a capital-starved Shanghai manufacturer with a New York City financier requires an expert middleman, someone with Chinese-market savvy and an ability to bridge cultural divides. Here, TIME profiles an ?lite group we have dubbed China's Rainmakers: pioneering venture capitalists, investment bankers and other dealmakers who helped finance China's economic miracle...
...alone, $53 billion flowed in--the first time China eclipsed the U.S. as the No. 1 recipient of foreign investment. But all that cash isn't drifting in on global trade winds. Matching a capital-starved Shanghai manufacturer with a New York City financier requires an expert middleman, someone with Chinese-market savvy and an ability to bridge cultural divides. Here TIME profiles an élite group we have dubbed China's Rainmakers: pioneering venture capitalists, investment bankers and other dealmakers who helped send money to the Middle Kingdom and open the country to the world...
...Nurdin's last "offer" was a year ago when a middleman sought a crew to bring in a Taiwan-flagged tanker, the Luen Fatt, after it had been hijacked. Nurdin and 13 other sailors steered the ship to the virtually unregulated waters around Batam, he says. Within hours, the cargo of diesel oil was unloaded and the 1,249-ton tanker repainted, renamed and on its way to a broker. Sometimes, Nurdin continues, his clients want only the "skin," which means just the vessel, of a certain size, length and capacity, while at other times it's only the "guts...
...thought the dotcom era was over, take a look at what a couple of Wall Street's savviest dealmakers are up to. For Cendant, the online onslaught was beginning to feel like water torture as cyberbookers chipped away at its core business: playing middleman between customers and the company's many franchisees. So last month CEO Henry Silverman, a veteran wheeler-dealer, moved to protect his turf by agreeing to buy Orbitz for $1.25 billion. The acquisition catapults Silverman to the top tier of online travel. His biggest rival there is another celebrity CEO, Barry Diller--the onetime Hollywood mogul...