Word: stockings
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Dates: during 1990-1999
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...With the stock market still booming, University officials are reluctant to slow the pace of their fundraising, fearing an eventual economic downturn that will put a pinch on Harvard's finances and fund drives...
...tacky in Silicon Valley. Equity is always a better way to go. It shows you have faith in the future, belief in your partners and, most important, guts. So it makes sense that p.r. executives--who are as powerful in Silicon Valley as they are in Hollywood--demand stock in their clients' start-ups. But even stock may not be enough. Simone Otus, 39, co-founder of p.r. firm Blanc & Otus, takes on only companies that offer status. "We want to pitch the really hot companies to build our own brand value," she explains from her ancillary San Francisco office...
...many as 121 inquiries from prospective clients in a week, even though it can take only two a month. Chairman Bill Ryan says he would like to take on more clients, but can't keep enough employees on staff. The dot.coms offer too much money and stock...
...drive back to Palo Alto, he phones Peter Van Alstine, a classmate from Dartmouth who founded a Boston e-commerce start-up that Chin is backing. When Van Alstine tells Chin how much stock a prospective executive has asked for, Chin nearly swerves off the highway. "Get outta here!" he yells. "He's baked, man! He's getting greedy...
Engineers like Kaushik, 39, once regarded as the Valley's geeky proletariat, are in such high demand that many of them shrewdly migrate from one start-up to the next, pulling in six-figure salaries and collecting bushels of potentially lucrative stock options. Kaushik should be rich by now, but thanks to a string of bad luck and bad decisions, he is not. He's worked for seven high-tech companies in 10 years. His first employer was bought by another firm shortly after he was hired. He joined another company in 1992 before it went public...