Word: riche
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Dates: during 1990-1999
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...renminbi ($1,250) each. Now the local officials are saying it will be just 7,000 renminbi. They will try to keep the rest." The new land is on top of a mountain, so it will not be nearly so good for farming as the rich alluvial soil they till now by the river's edge. "Everyone here is angry," he says...
...been lucky recently, usually buying and selling in the same day, "but sometimes I hold shares for longer, even up to two weeks." Li keeps his eyes on the big electronic screen as he talks. "America? A great country, because the President changes every four years. And rich, because it has been developing for 200 years. China has been developing only since Deng Xiaoping. Before that, Chinese were busy fighting each other...
...THIS NECESSARY? The rich are more paranoid than the rest of us, which may be why Barney's department store in New York City is selling a $595 coat, left, equipped with a pocket lined with a copper-polyamide-polyurethane shield that protects the owner from harmful cellular-phone emissions. It may also explain why clients of Meurice Dry Cleaners (also in New York) can FedEx their clothes from anywhere in the world so Meurice can clean and FedEx them right back. Cost to send and clean a suede jacket? About $150. (The service has clients as far away...
...startling turnabout. Just last February, "Chainsaw Al" was so highly prized by this same board that he was given a rich new employment contract that included options on a staggering 3.75 million shares of stock--one of the 10 biggest options grants ever at any company. Now the precise terms of that contract are in dispute as the board attempts to deny severance to Dunlap and his No. 2, Russell Kersh...
...Dunlap, 60, recent events at Sunbeam are a true Armageddon. He remains undeniably rich. But he has lost more than $200 million on paper with his stock and stock options since Sunbeam shares began to slide last March, and his once vaunted reputation as a turnaround phenomenon is in tatters. That reputation is what landed him lucrative assignments, including previous stints as CEO at Scott Paper and Crown-Zellerbach, plus a high profile that he reveled in. It also put his book, Mean Business, on the best-seller list in 1996. That tome became a bible for those who followed...