Word: successful
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Pity the artist who achieved success at an early age; if he stays around long enough, he'll see an endless recycling of his old work while his later work goes ignored. Francis Ford Coppola's first two Godfather films, in 1972 and '74, are among the most revered, and unquestionably the most influential, grownup films of the past half-century. Add The Conversation and his Vietnam movie, Apocalypse Now, and Coppola had one decade, the '70s, as artistically productive as almost any other filmmaker's in history. Yet in his later years, Coppola had trouble getting film financing...
...that legendary Swedish pop group Abba - hit on the idea of converting a 1930s Art Deco cinema, in the now fashionable district of Södermalm, into a boutique hotel. But banish all thoughts of an Abba-themed property from your mind. The group's music may enjoy continued success - most recently, their songs formed the basis of the movie smash Mamma Mia! - but at the Hotel Rival the connection is barely discernible. One of the group's albums is always among the CDs in each bedroom, and the occasional shot of Abba in their 1970s heyday can be found...
What happened in all the great companies that fell is they made a shift from a humble drive to an arrogance, the belief they somehow magically deserved all that success - "We're just really better than everybody else, and we always will be." The great irony is that leads to the undisciplined pursuit of more, and it's very hard to preserve your values and your basic model if you grow too fast...
...Chris Richter, senior research analyst for CLSA, a Hong Kong-based brokerage house, says smaller players are starting to build electric cars because the playing field is fairly level. EVs are not as complicated to manufacture as hybrids, and the market is in its infancy. Toyota, for all its success with the Prius, has said it could launch EVs in the U.S. by 2012, but has not announced plans to introduce them in Japan. "If you're third or fourth, you'll never beat Toyota or Honda head on," says Richter. "But you can beat them if you change...
...spies, but not always. Since late March, the North has detained a South Korean business executive who was working at the Gaesong Industrial District, a site just across the border, where scores of South Korean companies set up light manufacturing operations. The project was arguably the most visible success of the so-called Sunshine Policy run by Roh Moo Hyun, the former South Korean President who committed suicide in May. Pyongyang revoked all the contracts at Gaesong last month and has continued to hold the businessman, apparently as a way to express its anger at current South Korean President...