Word: pyramids
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...What's Been Missed As C.K. Prahalad shows in his book The Fortune at the Bottom of the Pyramid, there are markets all over the world that businesses have missed. One study found that the poorest two-thirds of the world's population has some $5 trillion in purchasing power. A key reason market forces are slow to make an impact in developing countries is that we don't spend enough time studying the needs of those markets. I should know: I saw it happen at Microsoft. For many years, Microsoft has used corporate philanthropy to bring technology to people...
...convened an impressive group: chairman and CEO of Ogilvy & Mather Worldwide Shelly Lazarus; founder and CEO of Whole Foods John Mackey; president of the International Center for Research on Women Geeta Rao Gupta; and University of Michigan professor C.K. Prahalad, whose book The Fortune at the Bottom of the Pyramid was a key influence on Bill's thinking. Each of them has a distinctive and provocative point of view. You can watch and listen to the roundtable at time.com/creativecapitalists and watch my brief Q&A with Bill on time.com/gatesspeaks...
...Victory of Samothrace. There, seated at two long, mirrored tables and surrounded by 2,000-year-old statues of Roman Emperors, the guests dined on asparagus soufflé and veal noisettes before moving on to a charity auction and a Duran Duran concert held under the Louvre's landmark glass pyramid. The evening raised $2.7 million...
...hectares) of land. A 21-story farm is expected to cost about $84 million to build. That's a lot of cabbage to grow some lettuce, which is perhaps why the first tower in the works is in Las Vegas. In a city that already has a giant pyramid and mini Eiffel Tower, why not a modern Hanging Gardens of Babylon...
...world are starved of cash? A few days after Cason Thrash's party, one of the attendees, Max Blumberg, a wealthy Floridian who made his money in lighting, sits in his exquisitely decorated Paris pied-à-terre opposite the Tuileries gardens, with a view of I.M. Pei's pyramid, and provides the answer. "The name of the Louvre has magical powers in the world of art," he says. "We don't look at it as France and America. The great world museums are global enterprises for all people." And then of course, there's Loyrette, constantly on their case...