Word: tech
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Dates: during 2000-2009
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...figures Apple's board has paid for 50 years of service. Yet in an era in which fuzzy-cheeked Internet CEOs can rack up $100 million fortunes virtually overnight, how else could a board show its appreciation? Bassick says the jet illustrates a growing problem in today's high-tech world: "How do you motivate somebody who's got everything?" The jet, he admits, "was kind of a creative way of doing that...
...HIGH ON TECH? Fidelity Magellan's closely watched portfolio manager, Bob Stansky, seems to keep changing his mind about tech stocks. Last week newspapers reported that he upped his position in techs from 21% to 27% after just recently trimming it. But did he? The shift may say more about the tech sector's appreciation than it does about Stansky's strategy. The lesson: look before you leap after the headlines...
Their gift indicates that the expanding ranks of tech millionaires are outgrowing their reputation for stinginess. Following the lead of Microsoft's Bill Gates and wife Melinda, who have given away at least $17 billion in recent years, more technology moguls are making serious commitments to philanthropy. As the Barksdales show, many are using an entrepreneurial approach--hands-on, well informed, demanding--to make sure their gifts are used effectively...
...TECH TV If computers are the wave of the future, shouldn't every kid--rich or poor--be surfing the Web? In the two-hour PBS special Digital Divide: Technology and Our Future, airing this Friday at 9 p.m. E.T., pundits on all sides wrestle with the issue. Low-techs complain that we put too much emphasis on computers at the expense of basics like reading and writing; high-techs argue that technology can enhance kids' learning experience without breaking school budgets. The documentary is up to PBS's usual high standards, and it's narrated--get this--by rapper...
Schou's single-minded devotion has paid off. Cryos, the company he founded in 1987 in the Danish city of Aarhus, claims to be the world's largest sperm bank, with more than 200 active donors and revenues nearing $1 million. In the high-tech world of modern reproduction, sperm is becoming a controversial business, and with his aggressive entrepreneurial flair, Schou is something of a trailblazer. Last year Cryos signed a special agreement with British authorities that will allow the firm to make bulk exports to a Scottish clinic that cannot find donors to meet its tough standards. Schou...