Word: moneys
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Dates: during 1990-1999
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...professor at Milan's prestigious Bocconi business school, is that corporate size really does matter in banking, especially since the biggest banks are turning into one-stop service centers. According to Giavazzi, European banks are starting to follow another American model by replacing their traditional business of lending money with such financial services as asset management. "Being good is not good enough in asset management," Giavazzi says. "A bank has to be the best to attract customers, and that requires technology and highly trained personnel, which all cost money...
...that person retires, the cash-balance plan will yield $138,000, vs. $180,000 under traditional plans. "The old system was designed for the iron age, when people were beholden to one company their entire life," says David Zemelman, CBS senior vice president of corporate human resources. "Now your money never stops working...
...bottom-line bump. Craig Gould, vice president of National Securities, a firm that says it is likely to be in on the deal, believes the company can be floated, pointing out that BearStearns found a way to take Playboy public: "History has shown that Wall Street has raised money for adult companies," he says. Fidelity and Warburg Pincus hold blocks of Playboy stock, while BearStearns and T. Rowe Price own positions in Spice Entertainment, another adult-media company...
Schools need money. Students have plenty of it to spend: $72 billion for all kids through high school, according to the most recent figures from Consumers Union. Those twin economic pressures have led to a disturbing trend on school grounds. In the past nine months, public school exclusivity deals with cola companies have soared 300%, to a record 150. And that's just the most obvious signal that schools are open for business. Calvin Klein models pout on the covers of textbooks; homecoming may be sponsored by Dr Pepper; Taco Bell dishes up burritos at a school cafeteria near...
...participate in any of the incentive programs run by General Mills, Campbell's soup or AT&T. Schools earn points for every box top, soup label or long-distance phone call--which can then be redeemed for athletic and educational equipment. Or the school may be flush with prize money won in a contest sponsored by Chips Ahoy!, which asked students to confirm that there really are 1,000 chips in each bag, or Kellogg's, which had kids make sculptures out of Rice Krispies and melted marshmallows. "Is it proper for public institutions to become salespeople and build brand...