Word: start-up
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...laws in countries like France and Germany would go a long way toward easing public suspicion of stock-option grants. It would also bring those countries closer to the more transparent corporate practices of the U.S.--a prospect, admittedly, at which many Europeans still bristle. As the equity-driven start-up wave of the new economy hits the Continent, the use of options by European businesses is bound to increase. And the larger debate will continue to rage: In a time of near ludicrous stock valuations, does anyone really deserve the fortunes gained through stock options...
...many as 195,000. Among others, roughly half of all recent alumni of the six-campus Indian Institute of Technology are said to be working in the U.S., including Harmanjit Singh and about 24 others from the New Delhi campus' 40-strong graduating class of 1997. "Nowadays start-up companies are visiting the I.I.T. campuses to recruit people," says Singh. "They lure them with stock options. They know that Indians are willing to work hard for an amount of money that may seem small to Americans but is unheard of in India." Singh was headhunted by a consulting company that...
...campaign to stop Legend came even as American faced charges by the Department of Justice for antitrust violations against three other start-up airlines. Now American is battling Legend on the fledgling's home turf. Beginning this week, American plans to offer its own upscale flights from Love with 56 spacious seats. "We will provide a competitive product from Love field," says an American spokesman...
...have a limit. I have $2.5 billion." Unlike LVMH, De Sole indicates, he's not going to pay bust-out retail. For his part, Arnault sneers that Gucci and LVMH "are not comparable. Their sales are lower than our profits. That's like Microsoft's worrying about a start-up company...
Dalla Santa and Lambert say that although they anticipate some of the same start-up problems, the Eliot and Kirkland experiences make them better prepared...