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...Buenos Aires bolsa, but they are also listed as the only Argentine real estate play on the New York Stock Exchange. IRSA's American connection is gold plated: much of the firm's capital comes from U.S. hedge-fund billionaire and philanthropist George Soros. IRSA's president and CEO, Eduardo Elsztain, 37, met Soros in 1990 in New York City, where the younger man, who was tending a $10 million portfolio of Argentine-owned properties, had moved for a year...

Author: /time Magazine | Title: A TOUCH EXOTIC | 9/29/1997 | See Source »

...CEO Bernard Ebbers, a former high school basketball coach, helped found WorldCom in 1983 to sell long-distance service. He has since put up numbers worthy of company pitchman Michael Jordan. Anyone who invested $100 in WorldCom stock when the company went public in 1989 would have a holding worth $2,400 today. No telecom company has done better. WorldCom has rung up that performance by connecting an astonishing range of deals. The largest was last year's $12.5 billion acquisition of MFS Communications, a local phone company that had just acquired UUNet. Yet WorldCom remains a little-known empire...

Author: /time Magazine | Title: WORLDCOM: QUIET CONQUEROR | 9/22/1997 | See Source »

...chunk of the $92 billion fax market. "If you find a way to fax over the Internet, you are going to take a huge piece of what is pretty much the growth segment of the [phone] industry," says the frenetic John Sidgmore, vice chairman of WorldCom and CEO of UUNet...

Author: /time Magazine | Title: WORLDCOM: QUIET CONQUEROR | 9/22/1997 | See Source »

DEAR SHAREHOLDERS: With last week's announcement of our new venture with Nike and my own decision to one day take over as CEO, our company is well positioned for exceptional growth. Our projected earnings this year from salaries and endorsements are $100 million, a 90% increase over last year. Note from the sectors and divisions shown below that we are well diversified, with deals involving just about everything an agent could possibly think...

Author: /time Magazine | Title: Notebook: Sep. 22, 1997 | 9/22/1997 | See Source »

...aging, Americans 55 or older will have twice the discretionary income of those between 18 and 34, and the leaders of some large corporations are starting to pay heed. "It's very important for us to go where the purchasing power is," says Michael H. Jordan, chairman and CEO of Westinghouse/CBS, whose CBS unit airs hits like Touched by an Angel (featuring a helpful celestial spirit) that have made it the top network with viewers 55 or older. "We ought to call this the Willie Sutton strategy," says Jordan, referring to the legendary safecracker who said he robbed banks because...

Author: /time Magazine | Title: AGE IS NO BARRIER | 9/22/1997 | See Source »

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