Word: silicones
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...diarrhea incident rattled the industry. Some major players, among them Dow and Monsanto, are steering clear of the Farm Belt, preferring to grow their pharmacorn in isolated areas of Arizona, California and Washington State. Even so, the USDA--under pressure from Midwestern politicians who dream of biopharm Silicon Valleys in Iowa--has stopped short of restricting biopharming in major corn-growing states. Its new rules would step up inspections of biopharms and expand the buffer zone between genetically modified corn and food crops to a mile. But opponents say that's not wide enough to prevent cross-pollination...
DIED. ALBERT HAKIM, 66, Iranian-born Silicon Valley businessman and financial guru behind the Iran-contra scandal of the 1980s; of a heart attack; in Inchon, South Korea. Hakim masterminded the web of bank accounts used to funnel U.S. weapons and funds to Iran and Nicaraguan rebels. As part of a plea bargain, he paid a $5,000 fine and served two years of probation...
There's a fine line between cleanup and cover-up. The question is, On which side was Frank Quattrone? A rainmaker who turned Credit Suisse First Boston (CSFB) into Silicon Valley's top investment bank, Quattrone, 47, was charged last week with obstruction of justice. Federal officials in New York City say he advised his staff to delete computer files even though he knew the firm was under investigation for using lucrative shares of initial public offerings (IPOs) of stock to woo clients. Quattrone's lawyer says his client was just echoing CSFB's document-retention policy...
...Stanford Daily, Dan Rudolph, Stanford Business School’s senior associate dean and chief operating officer, attributed the school’s drop in ranking to Harvard to the slight differences in starting salary and to Silicon Valley’s economic woes...
That community provides both demand and enhanced funding power. Ten years ago, when the museum was in difficult straits, Chong-Moon Lee, a Silicon Valley entrepreneur born in Seoul, was invited to lunch by South Korea's consul general in San Francisco, who told him the museum desperately needed $1 million to stay afloat. "The consul general was crying," Lee recalls. "Then I started crying. I was so emotional, I wrote him a $1 million check on the spot." Two years later, when the museum set out to raise money for its new, $160 million home, it began with...