Word: titanic
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...Morgan, a titan of the 19th century who helped set the stage for the 20th (see following article), acted in his day as a cross between today's Federal Reserve Board and the Goldman Sachs' mergers-and-acquisitions department, providing the money and acumen needed to launch the prototypes of modern industrial corporations. Under Morgan's leadership, this century began much as the 19th century ended, with heavy industry--steel, rails, electricity, and oil--ascendant. Automobiles were in short supply until 1913, when Henry Ford introduced the assembly line and mass production, making ours a consumer as well...
...Chernow is the author of Titan: The Life of John D. Rockefeller Sr. He has also written a biography of J.P. Morgan
Today many women are still underpaid and stuck in low-level jobs, but times are changing. My nominee for business titan is the woman who is determined to make it to the top, who is giving 110% to compete with the boys. She may still get passed over when a promotion is available. When she brings up an idea at a meeting, it may still even now be ignored until a male colleague restates it. If she's feminine, she may be seen as weak. If she's tough, she may be seen as bitchy or grasping...
...defense that the government was taking "snippets of e-mail" and Microsoft memos out of context. Five weeks and a deluge of damning "snippets" later, it's still the company line -- as shown by Bill Gates's interview with the Associated Press late Wednesday, in which the software titan accuses the government of doing its best "to put words in my mouth." Not surprisingly, Gates now says he would rather have gone on the stand in person than allowed prosecutors to pick and choose which parts of his videotaped deposition to play. "It's more about government p.r. than...
...case. "As our witnesses come forward, you will see the facts simply don't support the government's claim," the CEO told 2,000 shareholders Wednesday, who responded with a standing ovation. He could hardly tell them otherwise, of course. But this wasn't just optimistic bluster. The software titan, who three years ago told a group of Intel executives that "this antitrust thing will blow over," genuinely has nothing but disdain for the Justice Department. "That's been his line all the way through," says TIME legal correspondent Adam Cohen. "At no point has Gates taken the government...