Word: stakes
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Dates: during 1990-1999
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That may sound strange, but father and son have not spoken with one voice of late. Last month, while Junior was denying that his father was distressed over his decision to sell the company's 25% stake in DuPont in order to buy into Hollywood, Senior suggested in an interview with W magazine that trading nylon for celluloid was a terrible idea. His chagrin is understandable: the DuPont stock, worth $8.8 billion when Seagram sold it in 1995 to pay for its $5.7 billion purchase of Universal, has soared about $9 billion in value. Seagram's stock lags the market...
Then, last October, Bronfman announced that he was essentially selling Universal's television and cable operations to his friend and mentor, Barry Diller. Since those were supposed to be Biondi's strengths, the move was widely regarded as emasculating Biondi. Bronfman has pointed out that Seagram's 45% stake in Diller's firm has soared more than $1 billion in value. Biondi soldiers on, noting that Universal's profits are on a par with the industry. He adds, "And we expect continued strong growth in profitability--on the order of 20% a year--for the next two years...
...Real conservatism, in my view, is a beliefthat people are essentially good--without theauthority of the state," he says. "[It is a] setof values which I associate with agriculturerather than industry...values of neighborliness,ethics, decency," where a community lives togetherwith a "shared adversity at stake...
There's more than loyalty at stake, however. The first generation of search engines derived the bulk of their revenues from advertisers chasing their millions of users. But as the Web matures, more and more income will come from online transactions. And what better way to do targeted marketing than to get as personal as possible with as many of your users as will answer your questions? "It's a virtuous cycle," says Kraus. "The more you know about your customer, the more time he's likely to spend on your service and the more you can target that time...
Family names range from "The Spite Girls" to "Boogie Knights" and are variously armed and dangerous. The "Scrote & Dagger" team (S&D), intent on victory, recently purchased Motorola Talk-About Plus walkie-talkies, at $150 a pop, in order to properly stake out the Quincy gate and courtyard area...