Word: steve
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Dates: during 1990-1999
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...Fact and Comment," which has run in Forbes since the mid-1970s, reveals an absolute mania for cutting taxes and preserving "sound money." Everyone has heard about Forbes' flat tax. But what else does he stand for? Where Malcolm Forbes was famous for collecting Faberge eggs and toy soldiers, Steve Forbes' writings show him to be a collector of policy fetishes that range from mainstream to downright odd. The one constant is their angle of vision, which, as befits an heir, is decidedly a view from...
...stock to the public for the first time. By the end of the day, the shares owned by chairman James Clark were worth $566 million. Netscape's technical whiz, Marc Andreessen, who is 24 years old, was suddenly worth $58 million. In November the net worth of Pixar chairman Steve Jobs increased more than $1.1 billion in a single day when the company, responsible for the computer-animated hit movie Toy Story, sold new stock on the open market. Dozens of other entrepreneurs have had similar experiences during the past year. Getting rich quick is one thing; these are cases...
Fifteen years ago, Steve Jobs knew how Marc Andreessen feels today. Apple Computer, which he founded with Steve Wozniak, went public in 1980 when Jobs was 25. But in 1985 he was pushed out of the company (today he doesn't even use Apple products, although a broken Macintosh he calls a "sculpture" sits in a closet), and his fortunes seemed to dim. Later that year, he started NeXT, but its computers never caught on the way the Macs...
Braun insists that it's not the money that keeps him doing what he is doing. "I can retire, Jim Clark can retire, Steve Jobs can retire," he says. "We don't have to go to work if we don't love it. But we love it! We're not saying, 'Oh, my God, if I work another year, I can make another $10 million' or something. That's not the motivation...
Conservatives and liberals all seem to regard the high-tech entrepreneur as the ideal economic agent. They do so with good reason, for if capitalism is "creative destruction," in Joseph Schumpeter's famous phrase, then people like Marc Andreessen, Steve Jobs, Jeff Braun, Bill Schrader and Doug Colbeth are responsible for the creating part. But is there much that conservative or liberal policies can really do to nurture such enterprise? Would Marc Andreessen work harder under a flat tax? The creating part of capitalism is the part that economic laws do not explain. Like a code writer and his code...