From the monthly archives: May 2008
An 11-year-old township boy became a millionaire Friday. But Kyle Mayer’s sudden windfall was short-lived, as the Myers Elementary School fifth-grader had to give the money back at the end of the school day. “He didn’t mind,” said his dad, Scott, adding his son got to keep the $20 in interest the million earned. Kyle’s [...]
Fugitive US millionaire Robert Vesco died last November in Cuba of lung cancer at 72, the New York Times newspaper has reported. Vesco fled America after being accused of embezzling $220m (£111m) by the US securities and exchange commission in the 1970s. Vesco had been in prison in Havana on an unrelated fraud charge [...]
People have the idea of Silicon Valley or Technology Companies in general being built by freckle-faced, gawky 17 year old teenagers with a knack for building companies in a garage from nothing!Think more like a balding 39 year old with Masters or PhD degrees, having gained a lot of experience in mature companies before [...]
Steve Miller was presented with the first annual Entrepreneur of the Year Award last night at Point Loma Nazarene University. After working for an entire school year on his project, The Cereal Company, he claimed a prize of $2,500 for his business plan. The Cereal Company, which Steve wants to open up sometime within the [...]
Yesterday I blogged about the wonderful grassroots charity Kiva who helps bring together lenders and the working poor so they can have access to microloans to grow businesses in poor countries and live a better life. I have today chosen a entrepreneur and business who requires a loan to expand their business. Mwanshasha is married [...]
I did a post on Kiva on my blog last year and said in it that I would make a loan to a entrepreneur on the site, well I haven’t (yet) and today at church I met a man who had loaned some money to a woman in Africa who sold rice and she has not [...]
What started out as a teenage hobby has transformed into an adult vocation for Rick Taylor, owner of Rick’s Powder Coating & Customs at 3487 Democrat. The family-owned small business features powder coating, which Taylor promotes as more durable than wet paint. Once a surface is thoroughly cleaned and prepared, the powder is applied [...]
Was Microsoft’s bid for Yahoo a good deal? Was JP Morgan’s Bear Stearns deal a win? Did YouTube score big with its $1.65 billion acquisition by Google? The answers depend on whom you ask and their perspective. Getting a good deal also has a lot to do with business decisions that are made in [...]
Hugh Osmond, one of the UK’s most successful entrepreneurs, gave warning this weekend that he and other business owners are considering leaving Britain because of worsening relations with the Government and HM Revenue & Customs. Osmond, who has amassed a £350m fortune through businesses such as Pizza Express and Punch Taverns, is increasingly worried [...]
Pete Kadens, a Chicago entrepreneur, and Troy McCullough, a homeless man, met, by chance, one chilly morning eight days ago. Kadens had arrived early for a 6:45 a.m. conference in the West Loop. He was sitting in his warm car and noticed a man in a well-worn shirt and tie, outside the offices of [...]
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