Word: proffitt
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Luckily, Wilson still had some of that Forstmann Little cash lying around. He called an old Citadel hand, the fortunately named Bob Proffitt, and found a local private-equity firm, Endeavour Capital, that was willing to back Wilson's new venture, Alpha Broadcasting. It paid $11 million for Paul Allen's Portland stations--Allen bought them for about $50 million. Experts say the price premium for radio stations has fallen from 20 times earnings to eight times...
Harder hit by the attacks were law firms and insurance companies--paper-intensive businesses whose critical documents scattered like confetti. "We lost bound volumes, transaction documents, correspondence files," says Jack Williams, a managing partner at the law firm Thacher, Proffitt & Wood, which lost its offices on floors 38 to 40 at 2 World Trade Center. New scanning technology could mitigate those losses in the future: the latest optical-character-reading scanners, produced by Hewlett-Packard and Canon, can create digital archives of documents, enabling them to be accessed as CD-ROMs. "We've purchased additional scanners since the attacks...
...Kemper Insurance Co., 800-622-9966 Lee Hecht Harrison, 201-782-3704 Marsh & McLennan (includes related businesses of Mercer, Guy Carpenter, Seabury & Smith and MMC Enterprise Risk), 1-212-345-6000 Maxcor Financial Group, 212-317-1000 Morgan Stanley, 888-883-4391 Pitney Bowes, 800-932-3631 Thacher, Proffitt, & Wood...
Evangelicals had already seized the moment. Within a year of the 1990 court decision, prayer clubs bloomed spontaneously on a thousand high school campuses. Fast on their heels came adult organizations dedicated to encouraging more. Proffitt's Tennessee-based organization, First Priority, founded in 1995, coordinates interchurch groups in 162 cities working with clubs in 3,000 schools. The San Diego-based National Network of Youth Ministries has launched "Challenge 2000," which pledges to bring the Christian gospel "to every kid on every secondary campus in every community in our nation by the year 2000." It also promotes a phenomenon...
...emotional support for their children's faith. Similarly, non-Christians in the Bible Belt may be put off by the clubs' evangelical fervor; members of the chess society, after all, do not inform peers that they must push pawns or risk eternal damnation. Not everyone shares the enthusiasm Proffitt recently expressed at a youth rally in Niagara Falls, N.Y.: "When an awakening takes place, we see 50, 100, 1,000, 10,000 come to Christ. Can you imagine 100, or 300, come to Christ in your school? We want to see our campuses come to Christ." Watchdog organizations like Americans...