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Unlike gutsy founding fathers, corporate managers?responsible to boards of directors and subject to intense public and political scrutiny???are often less willing to risk, to dare, to take the calculated gamble on an innovative product or imaginative idea. Yet it was precisely far-out ideas that gave capitalism the creativity that it sometimes seems to lack today. For corporations, a prime challenge of the 1980s will be to find means of restoring the verve of the entrepreneurs, while preserving the best of modern management techniques...

Author: /time Magazine | Title: Business: Capitalism: Is It Working...? Of Course, but... | 4/21/1980 | See Source »

Colombo's new celebrity status attracted attention to men who decidedly opposed public scrutiny???the bosses of the other New York families. A great deal of the scrutiny came from law-enforcement agencies. Mafia bosses, who had built careful layers of insulation around themselves?never dealing directly with button men, trusting only a few close lieutenants?found their protective covering being stripped away. Grand jury subpoenas were issued to men convinced they were safe from such summonses. The high-rolling lifestyle they enjoyed was sharply straitened by Internal Revenue Service agents, who carefully checked any discrepancies between reported income...

Author: /time Magazine | Title: The Nation: The Mafia: Back to the Bad Old Days? | 7/12/1971 | See Source »

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