Word: ownership
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Dates: during 1990-1999
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From his understanding of wealth and poverty came his understanding of labor and capital, which led him to the solution of trusteeship based on the belief that there is no private ownership of capital; it is given in trust for redistribution and equalization. Similarly, while recognizing differential aptitudes and talents, he holds that these are gifts from God to be used for the collective good...
...aisles and walls. "Our vision," reads one, "is the world's most customer-centric company. The place where people come to find and discover anything they might want to buy online." Another banner floats above one of the aisles and lists the company's Six Core Values ("customer obsession, ownership, bias for action, frugality, high hiring bar and innovation"). It's like the Cultural Revolution meets Sam Walton. It's dotcommunism...
...Sears and J.C. Penney combined--and its stock price has surged 25-fold. The rewards for the key players have been lavish. Whitman, after less than two years at the company, controls shares worth about $1 billion. Skoll's net worth is more than $3 billion. Omidyar's 30% ownership adds up to more than $5 billion...
...Cuba's President Fidel Castro, Chavez last week received a ringing endorsement from his electorate when 72 percent of voters supported his new constitution in a referendum. The constitution entrenches the president's power and allows him to potentially remain in office until 2012. It also affirms state ownership of Venezuela's oil industry, which Chavez hopes will fuel his "new economy" that redistributes wealth among the poor. While the flood is a win-win scenario for Chavez - he's rushed resources to the aid of those most in need, and any recriminations over the building practices that allowed...
...quite. With the 1997 agreement, Pixar assumed more control of distribution, marketing, and merchandising. With this, Disney has exclusive rights to Pixar films for the next 10 years and about 2.5% ownership of Pixar with the option of further stock purchases. Moreover, Pixar is still grappling with internal issues. One Pixar insider comments, "The work hours get long, and Pixar tends to keep the pay scale low, just because the name is big." The financial picture is not as rosy as it appears; despite a huge opening for Toy Story 2, Pixar stock still dropped slightly...