Word: sneakered
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Daniel Kadlec questioned why Reebok appeared on the California Public Employees' Retirement System's list of laggard companies [MONEY IN MOTION, Feb. 24]. He overlooked 12 reasons: the members of the Reebok board. The sneaker company's "lean years" landed it on the CalPERS list, and rightfully so: $100 invested in its stock in 1991 was worth only $122 five years later, vs. $232 for industry competitors. Sure, Reebok's stock has seen the light in the past 10 months, but this glitch hardly gives CalPERS assurance of the company's future long-term success. Our putting Reebok...
...regular rock with synthesized sounds, isn't new--R. and B. dance remixers have drawn on it for years. However, the form is bustling with activity these days. Electro visionaries such as Tricky, Goldie and Carl Craig are pushing its boundaries; youthful trip-hop bands such as the Sneaker Pimps and Morcheeba and the promising avant-dance group the Prodigy are giving what has largely been instrumental music a voice, fresh faces and heart; and rock vets like Eric Clapton (with his new band T.D.F.) and David Bowie are tapping into it for inspiration. Now, this week, U2 releases...
...getting drunk with power--as did brash dealmakers in the power seats of the '80s. Consider this year's losers list, announced last week. Sure, it has some real dogs, such as struggling Apple Computers Inc. and Stride Rite, a worn-out shoe company. But CalPERS also stepped on sneaker company Reebok. This is odd, given that Reebok's stock has doubled in 10 months and beaten the market averages handily in the past year. That's not all: Reebok shares have risen an average annual 29% since the bull market began in October 1990--outdistancing the average stock, which...
...film's title is rueful. Ali proved that athletes could be kings then; today they are often multimillionaires who behave like kids with a mean streak of attention deficit disorder. Some are naughty and nuts, like Dennis Rodman, and are rewarded with fat contracts by sneaker companies. Even the best pros display their worth mostly by avoiding trouble. Ali was different; he found a gospel and lived by it, whatever the cost to his reputation or to the job that he so loved. When We Were Kings recalls a time, not so long ago, when an athlete could...
...champ. The film's title is rueful, notes Corliss. "Ali proved that athletes could be kings then; today they are often multimillionaires who behave like kids with a mean streak of attention deficit disorder. Some are naughty and nuts, like Dennis Rodman, and are rewarded with fat contracts by sneaker companies. Even the best pros display their worth mostly by avoiding trouble. Ali was different; he found a gospel and lived by it, whatever the cost to his reputation or to the job that he so loved. 'When We Were Kings' recalls a time, not so long ago, when...