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...president of educational-software company Softkey, which he co-founded with fellow Canadian entrepreneur Michael Perik. O'Leary and Perik sold the firm, which they renamed the Learning Company, to Mattel in 1999 for $3.6 billion. But almost immediately the deal turned sour. The Learning Company lost $200 million in the second half of 1999 alone. O'Leary and Perik, who joined Mattel after the merger, left the toy company six months later in a management shake-up. In 2001, Mattel disposed of the Learning Company by giving away most of the division to a private-equity firm for free...
...gain market share and drive up the company's stock price. According to the suit, a sales manager at the Learning Company at the time of the Mattel merger told employees that he "suspected the 'Learning Company is broke' and is 'cooking the books.' " Mattel paid shareholders $122 million to settle the suit. O'Leary and Perik settled as well. O'Leary did not return multiple calls for comment. In the past, O'Leary has blamed the problems at the Learning Company on the technology meltdown and a culture clash between the management of his company and Mattel...
...plants than anywhere else on the planet. Papua New Guinea lost more than a quarter of its forests from 1972 to 2002, and the BBC team noted that trees were being logged just 20 miles from where the Bosavi woolly rat was found. As of 2005, some 6 million hectares (14.8 million acres) of primary, untouched forest were being leveled annually - and each time a rain forest is burned or logged, it takes with it species we'll never get the chance to count...
...infectious diseases and making information on the subject more accessible to the public and policy makers. The Center for Communicable Disease Dynamics will be funded by the National Institutes of Health’s Models of Infectious Disease Agent Study (MIDAS) with a renewable grant of approximately $2 million a year for five years. The new HSPH organization will become MIDAS’s second “Center of Excellence,” and will be devoted both to research and its applications. The first is located at the University of Pittsburgh. “We focus on policy...
...people have a “tragic history that cannot be denied. Around the world, the Jewish people were persecuted for centuries, and anti-Semitism in Europe culminated in an unprecedented Holocaust. […] Jews were enslaved, tortured, shot and gassed to death by the Third Reich. Six million Jews were killed—more than the entire Jewish population of Israel today. Denying that fact is baseless, it is ignorant, and it is hateful.” These powerful and courageous words were spoken by President Barack Obama on June 4th, in his landmark address to the Muslim...