Word: scions
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...universities are fantastically hierarchical places that are ever more caught up in competing with one another for faculty stars, whom they lure less with money and perquisites than with freedom to conduct research, which usually means light teaching loads and lots of graduate students to do scut work. Summers, scion of a family in the academic discipline with the highest pay and lowest workload of them all--economics--grew up and succeeded spectacularly in this culture. Harvard on his watch enthusiastically raided other universities for top talent. Its professors are among the highest paid in American academe; they teach only...
...wife Lisa. In fact, the 48-year-old CEO of Ford Motor Co. is getting teased by his brother-in-law about his ineptitude on the dance floor. Turning to a reporter, Bill owns up to it. "You don't want to see that," the Ford scion says with a laugh. But he gets serious when the topic turns to his day job and what lies just around the corner for his employees: a sweeping restructuring that will bring tens of thousands of layoffs. "Honestly, I don't worry about myself," he says. "I mean, I can screw...
...since last year, doesn't plan to stand still, either: "Hermès is going to be more and more Asian. When I joined in 1989, a third of our business was in Asia; now it's 50% and in 20 years, it will be 66%." The scion of a Burgundy wine family, he worked for Hermès from 1989 to 1997 before leaving for leadership posts at perfumer Coty and whiskey distiller William Grant & Sons--both family-run firms. Thomas plans to maintain the company's historic 10% sales growth and 15% profit growth. Hermès generated $1.64 billion...
...curvy looks and fun-loving attitude. Pontiac's fleet has undergone an extensive makeover, seven new vehicles in the past two years, from the G6 to the GTO, that emphasize style and higher performance. Yet the brand remains a problem for GM; it isn't cool like Toyota's Scion, prized for its reliability like Honda or renowned for its engineering like BMW. Not even Oprah's giveaway of 276 G6 sedans to her TV studio audience, which generated a trunkload of press, did much to lift sales...
Raised in the lowly confines of South Boston, Lydia goes to work in an upscale department store, where she meets medical student Henry Wickett, the neurasthenic scion of a Brahmin family. The two soon marry. With a newfound robustness that he attributes to Lydia's love, Henry decides to chuck his studies and create an elixir to combat loneliness. He intends its curative powers to result from encouraging letters he includes with the product rather than any medicinal properties of the liquid. The remedy is only mildly successful, but it attracts a business partner, Quentin Driscoll, who envisions turning...