Word: reinvention
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Dates: during 1990-1999
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...case for Prodigy, the country's pioneer consumer online service. Frozen by a billion-dollar debt, the company watched helplessly as America Online and CompuServe blew past in an online explosion. By the time CEO Edward Bennett arrived last spring, he was left with a simple choice: reinvent the company or fold...
...chose to reinvent. At week's end Bennett was putting the finishing touches on a leveraged buyout that would take control of Prodigy from IBM and Sears and retool it into a net-based multimedia studio. If all goes according to plan, Bennett and his team will be running a giant-content company producing sports, entertainment and news-based Websites...
...people other than ourselves is not some fancy new formula from the front lines of morality research. This is what used to be known as the Golden Rule, subscribed to by believers and nonbelievers alike and once considered a perfectly adequate foundation for liberalism. Instead of trying to reinvent it, maybe our morality mavens should be asking what happened to it and how we got into such a sorry condition that we need 277 pages of closely reasoned text to remind us of what something as elementary as integrity looks like...
...decided to break their union rather than meet its demands for better pay, benefits and safety measures. The FAA fired all 11,000 striking controllers, then contracted with IBM to deliver a system of high-tech computers that would rule the skies. "Rather than incremental changes, they tried to reinvent the system," says Mike Connor, NATCA's director of safety and technology. "They were trying to computerize everything, but you can't computerize human reasoning or decision making." After investing $2 billion and watching the projected costs balloon from $8 billion to $37 billion, still with no functioning system...
...ENJOYABLE PART OF AMERICAN CAMpaigns is watching politicians reinvent themselves. Wealthy political outsider Steve Forbes [NATION, Jan. 29], while not having to reinvent himself, has reinvented the flat tax, an idea brought back to life by Jerry Brown during the 1992 presidential race. Forbes proposes to give every American, from the very poorest to the very richest, a tax break. Where will he get the revenue to run America? By taxing corporations. What a wonderful idea! Tax powerful companies, and give the money to everyone. Why is this rich, conservative Republican touting such a liberal idea? RANDY ROBERTS Raleigh, North...