Word: profiteering
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Dates: during 1990-1999
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...with access to Windows Media--a free software program that not only allows you to see videos but also permits the makers to protect their movies from piracy. If Bain is able to reach 5% of that potential audience, he could easily recover his costs and turn a handsome profit. From there, the film could travel the traditional distribution route: video, pay-per-view, hbo and finally free TV. Says Bain: "This reverses the distribution chain. We can be in the revenue stream first and exploit all the nontheatrical opportunities ourselves. We can cut out that whole middle layer...
...moving 2,000 to 3,000 head of cattle a year between his farm in North Carolina and his farm in Minnesota. But in 1995, Zaitz, then 40, got dissatisfied. His customers were disappearing as hard times hammered the dairy business, especially in the Southeast. And his "profit margins were going to nothing," he says. "I just couldn't see much future in what I was doing." But Zaitz could see a future on the Internet, to which he'd been introduced a few months earlier. He had a vision of creating "a complete marketplace for all participants in agriculture...
...addition to the traditional and electronic 401(k)s, small companies are trying a wide range of retirement options, from the simple, newer plans to time-tested profit-sharing arrangements that require the help of a financial professional. An option that became available in 1997 is the SIMPLE (savings incentive match plan for employees of small employers) IRA. The plan, open to any business with 100 or fewer employees, allows employers to match employee contributions by filling out one irs form and setting up an IRA. Another alternative is a SEP (simplified employee pension), which allows only the employers...
...magazines like Vogue and GQ or prompted by links from Women.com AOL and other popular Net portals. Bluefly's CEO, Ken Seiff, increased gross sales 140% in the past quarter to $1.1 million and attracted a $10 million investment from Soros Private Equity Partners. Without waiting for a profit, he has used the instant feedback that the Internet provides to renovate his virtual store, exploding his product images to 400% of what they were at the original website. Customers are now able to examine details, textures and colors on their computer screen before choosing and paying for their Nicole Miller...
...their job may soon be easier if Congress passes a bill proposed by U.S. Representative ELTON GALLEGLY, a California Republican known for his animal-rights legislation. The bill, which has 32 co-sponsors, ranging from conservative Republicans to liberal Democrats, would prohibit any profit-making from the films and subject violators to prison terms of up to five years. "This is something so horrible and despicable that it has to end," Gallegly said of films such as Vicious in Las Vegas and Mistress Di: Princess of Death. One site, perhaps anticipating a crackdown, has already moved...