Word: retailing
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Dates: during 1990-1999
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Dozoretz, 48, grew up in Worcester, Mass.; her mother was a homemaker, her father a dentist, teacher and sometime inventor. She rose from the retail-sales floor to become president of a women's clothier in New York City. By 1989, only in her late 30s, she had been twice divorced and was financially comfortable enough to contemplate retiring. Then, at a party, she met Ron Dozoretz, head of FHC Health Systems, a large behavioral-health, managed-care outfit. (His estimated net worth, according to Virginia Business magazine: $250 million.) He proposed two weeks after their first date...
Certainly, some of the smaller outfits will make it--there's always room for niche players, as the rise in focused Internet funds proves--but it is likely that the business will never again have the same kind of lock on the retail investor. Jokes veteran portfolio manager Martin Whitman of the Third Avenue Value Fund: "You haven't seen a more speculative, irrational market in years. The inmates are running the asylum." The industry just hopes that, sooner or later, it can get them back in line...
Alan Greenspan was born in New York City on March 6, 1926. His father Herbert was a stockbroker. His mother Rose worked in retail...
John DiGiovanni, president of Trinity Property Management, a real estate company with retail holdings in the Square, says he blames any "mallification" that is happening on the cutthroat nature of Square retail...
...have businesses that break all the retail rules," she adds...