Word: portering
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Dates: during 1990-1999
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...hindsight, the price AT&T paid for NCR was too high, and the situation was soon complicated by recession. Says Michael Porter, a professor at Harvard Business School: "Everyone knew at the time NCR was a third- or fourth-rate computer company, but somehow AT&T thought they could put it together and there'd be all this synergy." Charles Exley, who quit as NCR's CEO the day the merger took effect, chose not to crow about the results of Allen's folly. Says Exley, who now sails the world on his yacht: "Perhaps now NCR can go about...
Ryder, an internationally famous pianist, checks into a hotel in a European town he cannot identify. Something seems to be expected of him--the clerk at the registration desk makes several references to "Thursday night"--but Ryder doesn't know exactly what. A porter named Gustav escorts Ryder and his luggage into an elevator, tells him, "We're not going up far," then launches into a lengthy monologue about his attempts to win greater respect for the craft of portering. Since a later detail suggests that Ryder's room is on the second floor, the elevator must move with...
...porter asks Ryder the next morning to look up his daughter Sophie and his grandson Boris in the Hungarian Cafe. When Ryder does so, Sophie tells him about a house she will see tomorrow, in the hope that the three of them can settle down there together. Ryder takes this odd information calmly: "For the fact was, as we had been sitting together, Sophie's face had come to seem steadily more familiar to me, until now I thought I could even remember vaguely some earlier discussions about buying just such a house in the woods...
...this a vote of confidence or something darker? "What John Malone giveth, John Malone can taketh away," says Porter Bibb, a media-investment banker at Ladenburg, Thalmann who has been a frequent critic of Levin's. Bibb believes that Malone saw the merger as an avenue to power. "Levin is now a puppet on Malone's strings. Malone is never going to be CEO of Time Warner. He'll probably never sit on the board. But he wanted to control Levin, and now he does." A scenario even has Malone divesting some cable interests, getting back his voting stock...
...will serve on the committee are Anthony K. Appiah, professor of Afro-American studies and of philosophy; John E. Dowling '57, Cabot professor of the natural sciences; Benedict H. Gross '71, professor of mathematics; Stanley Hoffmann '52, Dillon professor of the civilization of France; and Helen H. Vendler, Porter University professor...