Word: salomon
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...business is doing anything but schussing these days. Equipment sales have been logy, in part because of last year's snow drought in Europe. A company would need a lot of nerve to launch a pricey new board right now, but France's Salomon is plunging ahead with a ski that the trade magazine Snow Country called the "most talked-about product to hit the ski market since the plastic boot." A leading manufacturer of ski boots and bindings, Salomon spent six years and $40 million developing its first ski ever. The result is the S9000 Equipe, a superfast, lightweight...
...breakthrough feature is the "monocoque," or single-shell construction, which allows the skier to transmit force directly to the edges more easily than with the multilayer sandwich construction of other skis. The S9000 costs $600 a pair, but may become a hot property among racers and aggressive recreational skiers. Salomon (1989 sales: $613 million) aims to become the leading maker of top-flight skis within the next five years. But the climb will be no cakewalk against the industry leaders, France's Rossignol and America's K2, which have carved out loyal followings...
...entertainment industry, Mob watchers say it is difficult to book an act in Las Vegas or Atlantic City without the Genovese brugad getting its slice. Law-enforcement officials point to superagent Lee Salomon of the William Morris Agency as being linked to a top Genovese captain named James (Jimmy Nap) Napoli. In the late 1960s, at a time when the government was bugging the talent agency's Manhattan office, Salomon was arranging for Napoli's wife Jeanne, an unknown singer, to get star billing for her nightclub...
Since then, the agent has represented the likes of Steve Lawrence and Eydie Gorme, Julio Iglesias, Tony Orlando and Jackie Mason. "The stars are victims more than co-conspirators," maintains a Mafia investigator. "In order to work, they have to cooperate." Salomon vehemently denies any Mob ties. Says he: "I'm the cleanest, purest person you'll ever meet in your life." Salomon admits knowing "Jimmy Nap" but wonders, "Doesn't everybody...
...cost of crude oil brought on by Iraq's invasion of Kuwait -- from about $20 per bbl. on Aug. 1 to a high of more than $28 per bbl. last week -- threatened to turn an already painful slowdown into a full-blown recession. Says Richard Bermer, an economist for Salomon Brothers: "The question is no longer whether there will be a recession but how deep it will be and how long it will last...