Word: ranched
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Dates: during 2000-2009
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...when Adler worked on a campaign for Sharon's Shlomzion party, which later merged with Likud. Adler's politics are centrist--"I'm a 2.6," he says--but he works with Sharon out of admiration for his friend. Every two weeks, Adler spends a weekend morning at Sharon's ranch, chatting and eating with the family. The two men also speak by phone several times a week, often about soccer, not politics...
...flagship label, and growing competition from giant mass marketers like Procter & Gamble and Avon, Lauder's revenues have been climbing at an 8% clip annually. "If the deal works, great," says Linda Bolton Weiser, an analyst at Oppenheimer & Co. "If it doesn't, they aren't betting the ranch." Hip makeup brands like M.A.C. and Bobbi Brown and a stable of high-margin skin creams and hair-care products should keep the company growing in the short term. Ford says he'll be mining Lauder's archives for ideas. "I'll be able to reintroduce the Lauder brand...
...with many opportunities, but nothing quite like the stock of Strong Point, a little-known Irvine, Calif., real estate firm. In its strategic plan to diversify, Strong Point has fixed on an unlikely industry: prostitution. Last week the publicly traded company paid $18 million to acquire Nevada's Mustang Ranch, the largest legal brothel in the U.S. "It looked like a terrific investment opportunity," says John Davis, the company's president. The ranch currently features two bunkhouses with 108 bedrooms, a staff of 100, two neglected tennis courts and 495 acres. Since the ranch is popular with tourists and business...
Strong Point acquired the ranch from Joe and Sally Conforte, who needed the money to pay off $10 million in back taxes. The couple has operated the bordello since 1964, and became legitimate proprietors in 1971 when Nevada lifted many restrictions on prostitution. The new owners hope to make the ranch semirespectable as well. Says Davis: "Since I've gotten more involved, I'm finding the whole attitude toward it is changing...
...chilly predawn darkness blankets the small cowboy camp called Twin Buttes, a cedar-covered knoll in the high desert of northwest Arizona. Another day of the fall roundup at the Double O Ranch begins as six sleepy cowpunchers stir from their bedrolls and head for the campfire's warm glow. Beyond the flames is the covered cook wagon, sides of beef hanging outside and a bag of flour sitting within. After wolfing down biscuits, meat and gravy, the six men pull on their chaps and walk slowly to the corral to saddle the horses and head...