Word: rosen
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...source of American economic growth. According to Stanley Pratt, editor of the Venture Capital Journal, small businesses created 3 million jobs in the past ten years. The largest 1,000 American firms, on the other hand, recorded virtually no net gain in employment during the same period. Says Benjamin Rosen, an electronics industry analyst and a financial backer of new enterprises: "These companies represent the true vitality of the American economy. We are wasting too many of our resources trying to keep alive dying industries like steel and automobiles rather than paying attention to and helping these new firms...
...when someone starts a company and fails, he'll be more valuable than someone else the next time because of his business experience." The result is an effervescent creative spirit that bubbles like California's best sparkling wine. Says Dallas-based LJ. Sevin, managing partner of Sevin Rosen Partners, which invests heavily in the new firms: "Between 60% and 70% of the most interesting ideas for new companies come out of the Bay Area...
...public announcement of Bok's decision about the proposed addition in scheduled for this morning, public relations director David M. Rosen said and yesterday...
George C. Putnam '49, Corporation treasurer, said yesterday the Fine Arts faculty will probably decide to sell some artworks in order to raise the $3 million fund. But under the plan agreed to by the Corporation and the Fogg, the museum would only sell minor works or duplicates, Rosen said...
...contingency funds will be invested in a money market fund or high-interest venture, and the interest used continually for the museum's operating expenses, Rosen said...