Word: stewart
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Dates: during 2000-2009
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...subprime debts. Northern Rock's problem: Its modest savings business compared to its mortgage lending arm means it leans on wholesale credit markets for a larger share of its funding than its rivals. With that well drying up, it "hits them disproportionately," says Alex Potter, an analyst at Collins Stewart in London...
...This is not the case and has not been proven today." And sanctioning the team, but not the drivers who represent it, has befuddled some inside the industry. "I'm not promoting the idea of taking points away from drivers, but it doesn't sound very logical," says Jackie Stewart, a three-time Formula One World Champion and former team boss. "The governing body is suggesting that information had been transferred to the benefit of McLaren; why else be eliminated from the constructors' championship...
...wealthy sport - it brings in more than $4 billion each year and budgets at top teams like McLaren top $400 million - but coughing up for such a bumper fine will be tricky. "It'll come from future R and D, so McLaren may not be competitive for 2008," Stewart suggests. And the drivers' title may get the most attention, but McLaren's engineering suppliers are unlikely to be so forgiving at losing out on the constructors' trophy. The team's engine maker "Mercedes-Benz will be horrified," Stewart says. The constructors' championship is "why they're in the business." Still...
...star-studded front row appeared gobsmacked by the presentation. And believe me, it was a jaded crowd. There was Diane Sawyer, Martha Stewart, Dustin Hoffman, Robert DeNiro, Donna Karan, Diane Von Furstenberg, Sarah Jessica Parker, Matthew Broderick, New York City mayor Michael Bloomberg and ubiquitous billionaire Steve Schwartzman. Was that Police Commissioner Ray Kelly tapping his foot to Frank Sinatra's "The Best Is Yet to Come" as Ralph strolled the runway, taking in the standing ovation and embracing friends and family? You bet. And the best was yet to come: as Lauren grabbed his wife, Ricky, and headed...
...Later, as dinner guests drifted up to their tables, Martha Stewart and Charlie Rose jockeyed for camera time behind a box-hedge where entertainment reporter Jill Rappaport had set up some lights. There were very few details left unattended to, from the perfectly cooked pink lamb chop main course to the black-edged white linen dinner napkins that matched the runway theme. And little details tell the tale. Because beyond all of his branding and focus, it's nailing the little things that has gotten Ralph Lauren, 40 years after he started, to the top of the heap...