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...always have No. 1 market share because they only count the deals that they do. Similarly media moguls look like geniuses because they only talk about the deals that went well. The best example of that is when [News Corp. CEO Rupert] Murdoch bought MySpace - and it's rumored Tom Freston lost his job [as Viacom CEO] over not buying it - everyone talked about MySpace and how smart that was. But several weeks apart from MySpace News Corp. spent even more money on an Internet game company called IGN that nobody's ever heard of since. If you only count...

Author: /time Magazine | Title: Sizing Up Murdoch, Redstone and Other Moguls | 11/3/2009 | See Source »

...Paramount's saying no to Tom Cruise a shrewd business move? Saying no publicly is unlikely to be a shrewd business move. Competitors exploit that. But an alternative is quietly saying no and making sure to let your competitors know you are saying no so they can pile onto the policy of fiscal discipline. There are lots of other things you can give talent besides money. For years Goldman Sachs convinced people that their highest value was their connection to Goldman Sachs. And people hardly ever left the firm...

Author: /time Magazine | Title: Sizing Up Murdoch, Redstone and Other Moguls | 11/3/2009 | See Source »

...flotation devices and propellers. They looked as weird as their descriptions sound. They floated, barely, but the sea that morning was heavier than it had been during training, and 5,000 yards turned out to be too far. Twenty-seven of the 32 DD Shermans sank. (You can hear Tom Hanks yelling about this in the opening scene of Saving Private Ryan: "We got no DD tanks on the beach!") Of the five tanks that survived, three made it because their launching mechanisms had jammed and they were dropped directly onshore. In all, 33 men drowned. (See pictures of World...

Author: /time Magazine | Title: How D-Day Almost Became a Disaster | 11/2/2009 | See Source »

...Tom Menino: The long-time mayor of Boston, seeking to be elected to an unprecedented fifth term next Tuesday, is under fire from his opponent for a “culture of corruption” in City Hall...

Author: By The Crimson Staff | Title: Crimson Wisdoms | 10/30/2009 | See Source »

...undisputed masters of the mustache movement are Movember, a group started in 2003 by a bet between several Australian friends who missed out on the mustache's brief golden age in the '70s and '80s, when icons like Burt Reynolds and Tom Selleck sported impressive growth above their upper lip. They laid some ground-rules - everyone started clean-shaven and had the entire month to grow the best mustache they could. They pledged to use the effort to raise funds for prostate cancer research...

Author: /time Magazine | Title: Mustache Wars: Raising Funds with Facial Hair | 10/30/2009 | See Source »

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