Word: spinnings
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...Spin-off industries are also blossoming, such as Liza Elliott-Ramirez's Expecting Models, founded in July 2001. "When I started modeling 20 years ago, pregnancy was something you hid," she says. "But when I was pregnant [in 2000], I never worked so much." Business has quadrupled since the agency opened, and some of the 100 pregnant models on Elliott-Ramirez's books command as much as $10,000 a day. "It's a huge and booming market," she says. "There are new vendors every day, as they realize pregnant women are consumers who want to look good...
Every college has kids who spin records at all hours of the night on a campus radio station and put as much energy into organizing concerts as mastering organic chemistry. They are the ones who set a tone, deliver an edge. And now, thanks to Cornerstone Promotion, a youth-culture marketing agency that founded Fader magazine, they're also the kids who are marketing brands like Sprite, Microsoft, Disney and Sony Ericsson on campuses across America. When Cornerstone started the FARM (Field Academic Research and Marketing) Team in 2000, the thinking was to let the hipsters, rather than some suit...
...about spin after all? Certainly the government was under huge pressure to persuade a lukewarm public about the need for war, and the dossier was continually redrafted. And Blair, it turns out, was also anxious to learn what Kelly's views were about WMD and what Kelly might say to the M.P.s. is the BBC vindicated? Nope. Despite the Beeb's public defense of Gilligan's story, an internal e-mail from Gilligan's boss talked about his strong but "flawed" reporting. And a bbc colleague who also interviewed Kelly complained her bosses had tried to dragoon her into corroborating...
...very timely for CEO Sandy Weill, who is retiring from that role at the end of the year but is staying on as chairman. With a net worth of $1 billion, it's not as if Weill needs the money. Still, his 22 million Citi shares will spin off $27 million a year in after-tax income, up from $11 million. "That income stream only comes because I've taken the risk along with the other shareholders in this company," Weill told Time...
Wall Street moneymen have been among the most aggressive in raising dividends: Goldman Sachs, where executives and directors collectively own 25 million company shares, doubled its annual payout to $1 a share. After tax, CEO Henry Paulson's 4 million shares will spin off $3.4 million in dividends--up from $1.2 million. Goldman spokesman Peter Rose says it's "preposterous" that the move had anything to do with personal enrichment and that Goldman's dividend was merely brought up to the industry average. Bear Stearns, long famous for nosebleed executive pay, raised its dividend 18%, to 80¢ a share. After...