Word: multibillion
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...fund. It's a frenetic job, but Chin crackles with rapid-fire energy. "We're going for the early-stage, high-risk, big hits," he says, piloting his midnight-blue Mercedes down I-280 on a recent Wednesday. "When I evaluate start-ups I ask, 'Is this a multibillion-dollar market? Can this be a billion-dollar company?' We want companies that can be industry leaders...
...first time in six years, Harvard has fallen short of projected investment returns from its multibillion-dollar endowment--the University nest...
...Bush likes to tease him for his pedantic enthusiasms. "I am a constant source of amusement to him," he says. And occasionally a source of embarrassment. In 1996 Rove dropped his $3,000-a-month consultant contract with the Philip Morris Cos. Inc. because Texas was engaged in a multibillion-dollar lawsuit against the tobacco companies...
...battle over the hard to serve is being waged now in Congress in a multibillion-dollar fight over welfare funding. The 1996 act guaranteed the states $16.4 billion in block grants annually. But with welfare rolls plunging around the country, much of that money has gone unspent--and congressional Republicans are talking about taking back at least $4 billion. That would be a "big mistake," Clinton declared last week in Chicago. He'd like to see the money spent on the millions of people "who could move from welfare to work if they had more training, if they had transportation...
What happens when the computer society meets the litigious society at some Y2K-breakdown point next year? Horrified by the possible multibillion-dollar answer, the high-tech industry, joined by the wider business community, convinced Congress to pass legislation earlier this year limiting company liability in the event of Y2K disruptions. But faced with a threatened log-off from the White House by way of a presidential veto, congressional negotiators sat down with White House aides in the past few weeks to address the President?s concerns that consumers not be shortchanged by the legal system should they come...