Word: supermarketeers
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That change of fortune reflects the revolution that Chenault and CEO Harvey Golub have quietly wrought at American Express (1996 revenues: $16.2 billion). Golub, 58, took command in 1993 after directors dumped James Robinson III for turning the company into an unwieldy financial supermarket. Golub promptly lopped off the brokerage, investment-banking and life-insurance units that Robinson had assembled, leaving American Express focused on credit cards, travel and financial services, including mutual funds. Golub, a sometimes abrasive native of Brooklyn, N.Y., initially slashed $2 billion out of a $13.4 billion cost structure, and has kept expenses in line with...
...real life, the big, bright, global, wired economy means that offices in Washington that once skimped on holiday decorations have hired a singing harpist for the lobby. There are 50 kinds of mustard at the supermarket, and at the Tops in Buffalo, N.Y., sales of shiitake mushrooms have doubled this year. Clinique is marketing a perfume called Happy, and Levi Strauss sells custom-fit riveted jeans based on customers' computer-detailed specifications. The youngest donors ever to endow a chair at Stanford are the founders of Internet browser Yahoo!--even the chair comes with an exclamation point...
...hours more each year than they did 20 years ago, moonlighting is on the rise and nearly half the respondents in one survey said they have less time for lunch. They stop at the back-rub store for five minutes to get some quick relief. They stop at the supermarket to pick up a precooked "home-meal replacement." Anxiety disorders affect more people than depression or substance abuse. "People were saying, 'As soon as things get good, I'm going to take some time off,'" says pollster Celinda Lake. "And now they say, 'Oh, my God, things have gotten...
...hope its slide stops before it moves into competition with the likes of "Tic-Tac-Dough" and "Supermarket Sweep...
Without the chemicals and pruning, the fruit would not resemble the grapes you see in the supermarket...