Word: multibillions
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...essence of Nike is that it is a multibillion-dollar company built by pretty good athletes to serve great athletes, a place where work is play and play is damned serious. "We are in the sports business, not the shoe business," says Mark Parker, a vice president and former shoe designer who has been Nike's chief strategist. "It is not just a better definition of what our epicenter is but what we are all about." That's why, for instance, Nike bought Canstar Sports, which makes Bauer hockey equipment and inline skates; why the swoosh has been extended, with...
Like a teenager after a growth spurt, Nike is a multibillion-dollar monster finding its size awkward. Knight's challenge is to re-create the essence of the outfit he first operated out of the trunk of his car with his college track coach and a bunch of running geeks who would do anything to avoid a real job. But this won't be a jog in the park. Last week the company announced a restructuring that landed heavily on its sports center-cum-headquarters in Beaverton, Ore., where about 250 employees were laid off. "When you grow quickly," says...
Would increasing aid mean an enormous jump in tuition costs or an incredible drain on Harvard's multibillion-dollar endowment...
...Japan is in a race to reinvent itself. Unlike Korea, Thailand or Indonesia, whose recoveries depend humblingly on multibillion-dollar handouts from the IMF, Asia's first economic miracle baby has the wherewithal--financial and social--to do the job on its own. The world's biggest creditor nation has more than $11 trillion in household financial assets alone. Having gone through substantial reorganization in recent years, its top manufacturing companies can compete with the best of the rest...
...statement issued two days earlier, DeBartolo, who had already abandoned the casino project, proclaimed his innocence and implied that he was stepping down from his post only until the charges were settled. His sister Denise DeBartolo York serves as ceo of the Edward J. DeBartolo Corp., a multibillion-dollar real estate empire founded in Youngstown, Ohio, by the pair's father. York immediately distanced herself from her brother's legal troubles and in a less than impassioned jump to his defense declared, "I hope everything works...