Word: profitless
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...Bitter irony alert: Boto later started a profitless digital animation business, run by the son of chairman Kao, Francis Kao. If manufacturing is spun off, the dud animation unit is all shareholders will wind up owning. "What do these guys know about the animation business?" says Webb. "This is not what we invested in." Webb and Mobius are leading a group of independent shareholders to vote down the deal...
...matter how exciting the on-court action, China's professional basketball league is leaving its best game in the locker room and shooting air balls in the boardroom. Seven years after it was sanctioned by Beijing, the CBA remains a profitless enterprise full of disgruntled players and frustrated team owners whose careers are orchestrated by a government bureaucracy. Despite a burgeoning fan base, all of the 13 Division I clubs are losing money. Inexperienced team owners and heavy-handed government restrictions have prevented the league from realizing the most lucrative sponsorships and licensing deals. "The CBA just doesn't understand...
Send the architects south. Silicon Valley may be powerless and profitless, but Houston, the nation's energy capital and home to the oil-baron excesses of the 1980s, is back in "bidness." The energy giants in Texas have big fat wallets these days--and even bigger construction plans. Not since the boom days of 1982, when trophy architects like Philip Johnson and I.M. Pei reconfigured the skyline, has Houston seen so much construction activity by the energy sector...
Send the architects south. Silicon Valley may be powerless and profitless, but Houston, the nation's energy capital and home to the oil-baron excesses of the 1980s, is back in "bidness." The energy giants in Texas have big fat wallets these days--and even bigger construction plans. Not since the boom days of 1982, when trophy architects like Philip Johnson and I.M. Pei reconfigured the skyline, has Houston seen so much construction activity by the energy sector...
...analysts on Wall Street sure are taking their lumps. They should have known tech stocks were going to collapse--and said so, wail the critics. A little more diligence on their part and maybe fewer folks would have speculated in profitless companies and lost so much money, goes the argument. Phooey. Why not blame analysts for poor retail sales during the holidays too; heck, for the entire economic slowdown? Didn't they cause the bubble that burst and left so many feeling poor? While we're at it, let's blame them for the weather, your weight problem and hanging...