Word: parts
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Dates: during 1980-1989
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Such worries are groundless, argue analysts in Tokyo. The Japanese attribute the high price-earnings ratios in part to accounting rules that allow companies to understate earnings to keep their taxes lower. Another factor propping up prices is so-called cross-holding of stock. Because many Japanese companies hold large blocks of other companies' stock, which out of tradition are seldom traded, fewer shares are available for purchase so their prices rise...
...chime in, and Oprah responds enthusiastically. To a woman whose example of B.S. is buttering up a college instructor by walking him to his car after class, Oprah asks cheekily, "How far did that walk go?" One guest, a rock-concert promoter, asserts that B.S. is a necessary part of his job. Victor Salupo, author of a book called The B.S. Syndrome, insists that it is the bane of society, damaging everything from personal relationships to politics. "Victor," Oprah blurts out near the end of the hour, "I only want to say one thing to you. Lighten...
Playing the role of Sofia in Steven Spielberg's 1985 film The Color Purple was a life lesson of its own. Oprah landed the part by a stroke of harmonic convergence. She read Alice Walker's novel, gave copies to friends and said she felt destined to appear in a movie version. When the film's co-producer, Quincy Jones, turned up in Chicago to testify in a lawsuit, he saw Oprah's show and arranged an audition. Oprah regarded the entire experience with near mystical awe. "It was a spiritual evolvement for me," she says. "I learned to love...
...staff of 2,700 salesmen operates out of 131 branch offices throughout Japan, handling 4.8 million individual and 200,000 corporate accounts. In addition, the company has a 2,600-strong force of part-time saleswomen, mostly middle-aged, who troop from door to door, hawking stocks and bonds. This corps was established 30 years ago, when the company sought to spur personal investment by distributing savings chests to Japanese households. The local saleswoman held the keys to savers' chests. Each month she came by to empty the chest and place the money in the customer's Nomura account...
...emphasis on technology is part of Tabuchi's plan to make Nomura a major force in Western countries, a goal first mapped out more than 60 years ago. In 1927 Nomura opened offices in New York City's Equitable Building, becoming the first Japanese securities firm with an overseas branch. That inspired proud lines in a 1929 company song: "The Japanese flag is hoisted in the morning breeze on Wall Street/ And the Statue of Liberty smiles upon/ Our truly global power." After World War II, Nomura was the first Japanese securities company to return to New York with...