Word: partnerships
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Dates: during 1990-1999
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...some cases, distance learning and customized courses are being combined. N.Y.U. and IBM in November 1996 announced a partnership to provide information-systems courses over a global computer network to both IBM and non-IBM professionals worldwide, says Information Technologies' Vigilante. Twelve classes have already been offered, and 18 more will be available by the year 2000. By the end of this year, more than 640 professionals will probably have taken online courses in this program. N.Y.U. is discussing similar online course formats with other companies...
...stylish cool of Conde Nast--and the more profane, tightfisted world of Miramax, it was not yet apparent. Indeed, as words and phrases like "synergy," "21st century" and "content is king" flew about, all three principals seemed as energized by one another as by the prospects for their partnership. Imagine the giddy, self-important friendships of high school; then imagine a high school in which the upperclassmen are Barry Diller and Michael Eisner, and you will begin to get the picture...
Brown and Galotti will enjoy profit participation to start with, which will eventually turn into equity stakes. The partnership will produce journalistic specials of some sort for ABC (also owned by Disney) that will feature Brown doing interviews. Beyond that, details are sketchy, perhaps even to the principals themselves. But Weinstein makes the whole thing sound easy: "The idea is to marry the two cultures together and say, 'This is a brilliant story that takes place in England; we'll give that to Anthony Minghella [director of The English Patient]. This is something that's feminist and sexy; that sounds...
...family limited partnership effectively allows you to make a gift of assets at a discount of as much as 40% of their actual value, thus allowing you to give about $16,000 tax free per person per year--considerably more than the customary $10,000 limit. It works because the assets in a partnership, which has restrictions, are deemed less valuable than the same assets in an unrestricted account...
...anything in a family partnership, including the family business. For most, though, here's how it works: You designate a brokerage account and then stuff it with stocks, bonds and other securities. You are the general partner and sole stockholder; your heirs become limited partners. Each year you can give limited partners family-partnership stock valued at a maximum of $10,000. But remember, the partnership stock represents assets worth more than $10,000. Thus you shield a larger part of your estate. And if you're a control freak, the best part is that only you, the general partner...