Word: premiums
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Some Gloucestermen bitterly blame their plight on the insurance companies, whom they perceive as greedy and heartless. But many concede that the premium jumps are justified. "In a way," says Joseph Giacalone, 52, whose 74-ft. St. Peter, built in 1927, is one of the oldest boats in the fleet, "I guess you could say that the fishermen, or at least some of them, brought this on themselves...
...buffalo meat is now regularly supplied to chefs such as Jimmy Schmidt of the London Chop House in Detroit by American Spoon Foods in Petoskey, Mich. As Americans discover that wild mushrooms grow in their woods and ma-che, or lamb's-lettuce, in their fields, they are paying premium prices for such produce at places like the Irvine Ranch Farmers Market in Los Angeles and Balducci's in Manhattan. Says Specialty Food Buyer Louis Balducci: "U.S. products are selling because they are good and interesting. Even American caviar is better than it was. In the beginning you couldn...
When Peterson, then 57, made Glucksman, also 57, his co-chief executive officer in May 1983, the move seemed a diplomatic acknowledgment that Glucksman's views were right. But Glucksman wanted total control and feared, rightly, that Peterson secretly hoped to sell Lehman at a premium before he reached age 60 and had to let the firm begin redeeming his shares. Glucksman sensed that Peterson had no stomach for a fight and would opt to be bought out. So, eight weeks after being promoted, he demanded that Peterson step aside...
Although Chung's revelation might seem obvious, it wasn't to Hyundai's staff. A premium had always been placed on making cars quickly and cheaply. Even Suh, who is in charge of Hyundai's quality-improvement efforts, admits, "When I first came to Hyundai, I too didn't think quality cars were important." But the new chairman made blemish-free manufacturing the top priority. To break down interdivisional barriers, Chung forced designers, engineers and factory managers to work as a team to weed out potential defects. Twice a month, Chung summons senior managers into a conference room...
...with the 15-member U.S. team and three accompanying American reporters, the first group of U.S. citizens and journalists to visit China in nearly a quarter of a century ... Probably never before in history has a sport been used so effectively as a tool of international diplomacy. With its premium on delicate skill and its onomatopoeic name implying an interplay of initiative and response, Ping Pong was an apt metaphor for the relations between Washington and Peking. "I was quite a Ping Pong player in my days at law school," President Nixon told his aides last week. "I might...