Word: upstart
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Dates: during 2000-2009
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...flight from London Heathrow to Rome Fiumicino takes off. The plane making the trip will have the familiar red and green stripes on its tail, and the crew will sport their old uniform pins. But this will be the "new" Alitalia, under private ownership, merged with upstart competitor Air One, and now partly owned by its French-Dutch rival. No more Futurist paintings to be sure, but perhaps Alitalia once again has a future...
...Imported talent helped Grameen rival Acción, a big player in Latin American microfinance, establish a presence in the U.S. in the early 1990s. And yet even after years of making loans to small and upstart businesses, Acción still isn't profitable - an example of the challenge Grameen faces if it thinks it won't have to depend on donations for funding...
...employees think long and hard about risk. They were partnerships, and partners couldn't cash in until they'd been on the job for decades. This amounted to an implicit clawback system, with the other partners doing the clawing. The partnership model began to break down in 1970, when upstart Donaldson, Lufkin & Jenrette sold shares to the public. Merrill Lynch followed a year later, and in 1999 Goldman Sachs was the last big firm to go public. Perhaps that was all a mistake. "It's a radically regressive idea, but I honestly think Lehman Brothers would have been better...
...Unsurprisingly, publishers tried to piggyback on Playboy's winning formula. Penthouse magazine, an upstart competitor formed by Bob Guccione in 1965, closely mirrored Playboy in format, with a lascivious mix of interviews, fiction features, cartoons and narrative pieces surrounding the buxom centerfolds. But in its choice of images, Penthouse lacked Playboy's sexual subtlety. (Professional competition aside, Hef and Guccione actively disliked each other; while Guccione promoted the rumor that Hef was a "closet queen," the Playboy publisher, noting Guccione's cultivation of a similarly decadent lifestyle, remarked that "If I were he, I'd want...
...treatment of former candidate Fred Thompson, a rival who helped sink Huckabee's upstart ambitions in South Carolina, is somewhat more favorable, if only because it is less personal. Huckabee maintains that Thompson's biggest mistake was strategic: he didn't understand the need to expand the Republican Party beyond its base. "Fred Thompson never did grasp the dynamics of the race or the country, and his amazingly lackluster campaign reflected just how disconnected he was with the people, despite the anticipation and expectation that greeted his candidacy," Huckabee writes...