Word: smalleness
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...exactly got the site started. In an interview with the New York Times, Moscow teenager Andrey Ternovskiy stepped out as the site's founder. Ternovskiy says he coded the site himself, with hosting for the project funded by family and friends. (The site now funds itself through a small line of advertisements at the bottom of the screen.) What's next for the 17-year-old whiz kid? More "weird" updates for ChatRoulette, and perhaps a trip across the Atlantic. Ternovskiy told the Times he's never traveled to the U.S., but the success of his creation has attracted attention...
...graduate students from the Harvard Kennedy School and Harvard Business School will use $25,000 from the church to start a micro-finance initiative for small entrepreneurs in Kenya...
Cardinal's somewhat haphazard acquisition strategy proved difficult to manage, though. Cardinal started as a small Ohio food distributor in 1971, and eight years later, founding CEO Robert Walter moved the company into pharmaceuticals. Over the next two decades, he transformed the firm into a $75 billion conglomerate. "It was a very entrepreneurial company, founded out of the back of this Harvard Business School guy Bob Walter's car," says Lisa Gill, a JPMorgan analyst who has covered Cardinal since 1999. "People talked about Cardinal wanting to be the GE of health care...
Finally, Cardinal had to match the service level of its competitors. Small pharmacies now depend on wholesalers for branded products, disease-management programs, inventory technology, even marketing help...
...wealthy. Propping up the fragile economy, he added, remains a top White House priority--and it's not cheap. While the proposed budget includes a three-year freeze on discretionary spending and other deficit-reduction measures, it also calls for such job-creation measures as tax breaks for small businesses and infrastructure-investment programs...