Sublime

Private equities—Stocks that do not trade on public exchanges but are instead managed by funds that transact in privately held companies.

By forgoing a standard salary and taking profit participation instead, Stewart paved the way for actors, directors, producers, and writers to leverage their celebrity at the negotiating table. Similarly, Wasserman cofounded independent production companies for such luminaries as Jack Benny, Alfred Hitchcock, Errol Flynn, and dozens of other MCA cli

John Holland,

Many major transitions are triggered by major changes in government policy, especially deregulation.

Hesselbein

It was late 1996, and eBay’s online auction business had been solidly profitable since it was launched; the company did not need a cent. But Pierre Omidyar, twenty-nine, the original founder, and his new partner, Jeff Skoll, thirty-one, were the rare entrepreneurs who knew they needed to hire a CEO and other seasoned executives with skills they lac

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.

Ramsey Beirne pitch to take on a search assignment, say he would consider it, then disappear for a few days before returning with an answer. The CEO’s of these small companies were consulting someone else, and that someone else, upon investigation, turned out to be the venture capitalist who sat on the company’s board of directors.

Professor Yochai Benkler, Harvard University, author of The Wealth of Networks