Word: oglebay
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Parks may also opt to solicit sponsorships from corporations and other private sources. This is the strategy at Oglebay Resort, a self-supporting public municipal park in Wheeling, W.Va. The 2,000-acre park generates 99% of its $32 million budget from revenues from an on-site hotel, cottages and a golf course that it owns and operates, as well as donations and gifts that come in through a nonprofit foundation...
...authors give seven (of course!) common failure patterns, and they are not shy about listing the corporate Hall of Shame. The misbegotten strategies include Staying the (Misguided) Course (Kodak); Misjudged Adjacencies (Oglebay Norton); and Fumbling Technology (Iridium). But most relevant to the current Wall Street subprime crisis is the Green Tree Financial Corp. debacle. The firm made trailer-home ownership more accessible to low- and middle-income consumers. At its pinnacle, the company financed more than 40% of trailer homes, many with mortgages for people with bad credit. In 1998, Green Tree was bought by Conseco for a hefty...
Curtis, r.e. l.e., Oglebay (Capt...
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