Word: upstarts
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...subject to 10-year term limits and annual elections. The terms should not be staggered, so shareholders can throw out all board members at once if they wish. Companies should be required to give shareholders election materials about rival candidates; as it stands, small investors who want to wage upstart campaigns don't stand a chance...
...decision leaves the e-book field at least temporarily open for an upstart publisher, Rosetta Books, which has licensed electronic-publishing rights to more than 100 books directly from authors. Although consumer demand for e-books is uncertain, Rosetta hopes to become the publisher of choice by persuading consumers to download books online for less than they would have to pay in a store. Protests Linda Steinman, director of litigation for Random House: "This is a directly competitive product. It makes sense that the e-book rights should stay with the original publisher...
Some investigators and stock analysts say they find it difficult to believe that a hands-on CEO like Ebbers--who was tight with Sullivan--didn't know of the accounting tricks at WorldCom. Mississippi attorney general Mike Moore says his office investigated Ebbers when WorldCom was an upstart known as LDDS and found him playing loose with the rules. Ebbers' employees made a series of $200 campaign contributions to a local politician and were illegally reimbursed by the company. In 1995 WorldCom pleaded guilty to a felony charge and paid a $120,000 penalty. Moore says the evidence "showed that...
...TIME: Bernie's Deal WorldCom makes a bold $30 billion stock offer for MCI in what could be the biggest takeover ever and establish the upstart as a rival to AT&T 10/13/97...
Sukhothai's airport is owned and operated by upstart regional carrier Bangkok Airways?which replicates in the air its classy style on the ground. Unlike no-frills European airlines Ryanair and easyJet, or the U.S.'s Southwest, Bangkok Airways offers perks such as hot meals and wine, even on hour-long puddle jumps?not to mention elaborate landing rites like those at Sukhothai. And the service is impeccable. The Swissair-trained staff, both on the ground and in the air, are efficient, helpful and always ready to share a smile. The attendants even remember passengers' names. "This is what flying...