Word: upstarts
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...even at that optimistic pace the measure may be rendered moot before it's law. SunAmerica, a financial-services giant with $142 billion of managed assets (though a relative upstart in the area of 401(k) plans) is sure to make a splash with its application last month for an exemption that would allow it to bring a third-party adviser to the plans it administers. I'm told that Labor is looking favorably on the prohibited-transaction exemption and could approve it by September...
...Test-prep companies aren't waiting around to see that final product. Kaplan and Princeton Review - seasoned by years of providing SAT and ACT Prep - and upstart TestU are doing brisk business in the K-12 market producing everything from CD- ROMs and guidebooks meant to help students as young as third graders prepare for state exams to staff development seminars for teachers. This month Kaplan even published a book, "Crusade in the Classroom," which promises to tell parents exactly how President Bush's reforms will impact their children's lives. TestU has gone a step further, charging individual schools...
Some business deals fit the times so perfectly they help to define their eras. The world woke up to Japan's intention to conquer the global economy when a Japanese company purchased Rockefeller Center in 1989. Internet upstart AOL signaled the rise of digital by buying last century's media giant, Time Warner, owner of this magazine. China and Taiwan now have their epochal deal, signed by scions of wealth and privilege from either side of the Taiwan Strait. Winston Wong, the estranged son of Taiwan's most colorful executive, has gone into business with Jiang Mianheng, the low-profile...
VINCE MCMAHON Wrestling mogul's upstart XFL folds at end of first season. One outcome he didn't script...
Harvard finishes the season third-place behind upstart Yale and Penn (19-7. 7-0). The Quakers recently wrapped up their first-ever Ivy title...