Word: solding
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...that in the context of the museum, rock 'n' roll isn't just a sound; it's a culture. That culture extends from doo-wop harmonies and dance routines to people who bite the heads off bats. And somewhere within that culture is a Swedish pop group that has sold nearly 400 million albums...
That didn't stop car manufacturers like Toyota and BMW from pulling out of the sport anyway (Honda had quit at the end of 2008.) That leaves only three major carmakers - Ferrari (owned by Fiat), Mercedes-Benz and Renault (though the latter recently sold a majority stake in the racing team to Luxembourg investment firm Genii Capital) - still in F1. "The sport just wasn't delivering the value," says John Howett, head of Toyota Motor Sports. For the new season, some of the old names have been replaced by entrepreneurs with more dash than cash. Ecclestone calls the new teams...
Ecclestone, a former driver and team owner, began to exert control over F1 in the late 1970s, when he got a lock on the sale of the sport's TV rights, its most valuable asset. In 2005 he sold most of his stake in Formula One Management to private equity firm CVC Capital Partners. But thanks to a complicated ownership structure, he's still the straw that stirs the drink. Ecclestone alone makes the big TV, sponsorship and track deals that keep F1's cash gushing. He rests his legacy on the numbers, and they are indeed impressive, not least...
...Whif—billed as “the taste of chocolate without the calories”—sold over 60,000 tubes of breathable chocolate over the past nine months, and the company will start producing roughly 100,000 tubes a week starting in April...
...talk about creating integrity systems. What are those? I use eBay as an example of how you can create integrity from scratch. If you played according to the rules - if you bought, if you sold exactly the products in the way that you said they were, if you handed them over to the buyer in good order - then everybody created wealth and everybody benefited. And that cycle of integrity and wealth encouraged more people to come in. And then you had a bigger pot of integrity and a bigger pot of creating wealth. It's a virtuous circle...