Word: write-off
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...than it did in April 1995, when Nobuyuki Idei leapfrogged a dozen more senior executives to become the company's president. As the world's trailblazer in entertainment electronics, Sony invaded Hollywood in 1989 by buying Columbia and TriStar Pictures; in November 1994 the corporation took a $3.2 billion write-off for five years of studio mismanagement. Soon afterward, Sony co-founder Akio Morita, who had continued to help guide the company despite suffering a stroke in 1993, resigned as chairman. Then Sony found itself losing ground to rivals in the race to develop the digital videodisc, expected to replace...
...followings. "A major label will sign an alternative-rock band and put in six months of invested time," says Wendy Powell, assistant to the senior vice president of retail sales at Tower Records. "Then, if they are not making superstar sales, they stop pushing them, and they become a write...
...with Doctors Without Borders in emergency-relief operations from Georgia to Rwanda, contends that drug firms are too often chiefly interested in clearing shelves and saving costs. "Some of these companies are just transporting their problems to the Third World," Schouten says. Moreover, the U.S. tax code allows a write-off of as much as twice the production cost for gifts to the needy...
...average rate of around 900 a month since 1984, when an antitrust decree forced it to get rid of its seven "Baby Bell" regional phone companies. Not entirely by coincidence, it earned $4.7 billion in 1994 and $2.8 billion in the first nine months of 1995. (A write-off against fourth-quarter earnings of $4 billion after taxes for severance pay and related costs, however, may wipe out most of its earnings for the full year.) It had been obvious too that more firings were coming at AT&T ever since the company said last September that it would split...
...Gucci's renaissance. After Investcorp bought the company in the late 1980s, Gucci lost so much money some feared it would go bust. "There was a time," says Kirdar, "when--in the minds of several of our clients as well as some of our own professionals--Gucci was a write-off." But during the first half of this year, Gucci posted a $24.8 million profit, five times the figure for the same period last year...