Business First-Columbus articles from July 2001

Business First-Columbus archives from July 2001

Newcomer topped ranks of well-paid.(American Electric Power Corp.'s Paul D. Addis)(Statistical Data Included)
July 27, 2001... Here's how to win a bar bet: Ask one of your business colleagues to identify the highest-paid executive in Columbus last year. Limit their answer to public companies, and don't be afraid to give very long odds. Les Wexner? Robert...

Fee disclosure rules leave some wondering.(auditing)(Statistical Data Included)
July 27, 2001... Shareholders wanting insight into auditor independence are getting some new information this year through disclosure of auditor fees. A review of proxy statements filed by Central Ohio-based public companies shows many accounting firms...

Ultryx gets VC round.(venture capital)(Brief Article)(Statistical Data Included)
July 27, 2001... $6.SM deal aimed at putting firm in black Robert Shelton has traveled to places as near as Cincinnati and as far as Zurich during the last 10 months in search of a venture capital deal to help his e-business services company. His...

BLOCK BUSTER.(former boxing champion James Douglas forms partnership with Concorde Capital Corp.)(Brief Article)(Statistical Data Included)
July 27, 2001... Ex-boxer; Concorde draw development plan Former heavyweight boxing champion James "Buster" Douglas has landed a partner to develop 3.5 acres he owns along Main and Mound streets east of downtown. Urban developer Concorde Capital...

Reality TV: Channel peers into Grant's ER.
July 27, 2001... JEFF BELL KATHY SHOWALTER The folks at OhioHealth are wondering if two of their Columbus hospitals will be part of a double feature on the Learning Channel. The cable television program plans to air Oct. 8 a segment it shot this...

Engineering a change.(Ohio State University's Robinson Laboratory)(Brief Article)(Statistical Data Included)
July 27, 2001... OSU looks to replace lab with $72M center It's a sweltering summer day, and the temperature in an acoustics research area of Ohio State University's Robinson Laboratory rivals that outside the old brick building. A lack of air...

Debate over NCR housing plans putting city initiative to tough test.(Brief Article)
July 27, 2001... A weedy lot next to a freeway has become a politically hot property, promising to test the will of Columbus leaders in pursuing ambitious goals to provide affordable housing for the working poor and homeless men. Columbus-based National...

Mount Carmel exploring dialysis service expansion.(Brief Article)
July 27, 2001... Mount Carmel West Hospital would move and expand its outpatient dialysis unit under a proposed joint venture with a Nashville, Tenn.-based company and a local physicians group. Talks are being held between Mount Carmel Health System and...

LSY hires veteran executive to help develop ad agency.(Lord Sullivan & Yoder Inc., Jon Sims)(Brief Article)
July 27, 2001... Worthington-based Lord Sullivan & Yoder Inc. has hired Jon Sims, an advertising veteran with strong ties to the industry, to help the 36-year-old agency develop. Sims, 58, was senior vice president and director of business development at...

Notable upcoming birthdays of Central Ohio executives.(Brief Article)
July 27, 2001... * Karen McClain, vice president/public relations, SBC Advertising: July 28 * Cheryl Bright, event coordinator, Bartha Visual Inc.: July 29 * Brad Eldridge, partner, Groner Boyle & Quillin: July 29 * John A. "Jay" Schoedinger,...

Old Consolidated Stores stuff finds a new home at shelter.(Brief Article)
July 27, 2001... Big Lots Inc., the giant closeout merchandiser, became a closeout supplier for the Open Shelter, a Columbus nonprofit organization that provides food, first aid, clothing and shelter to men. In May, Big Lots Inc. changed its name from...

T.J. Maxx parent bringing HomeGoods to Columbus.(TJX Companies Inc.)(Brief Article)
July 27, 2001... TJX Cos. Inc. has taken a liking to Columbus. The Massachusetts-based off-price retailer, which operates four T.J. Maxx and two Marshalls stores in the area, recently said it will open three A.J. Wright discount stores at inner-city...

Multi-Health plans $10M long-term care complex.(Brief Article)
July 27, 2001... Encouraged by its market research findings, Dayton-based Multi-Health Services Inc. will spend $10 million to build a long-term care facility on Columbus' south side. An Aug. 24 groundbreaking is planned for Scioto Retirement Community...

Central picked to manage airport's parking facilities.(Brief Article)
July 27, 2001... Port Columbus International Airport will employ anew manager for its vast portfolio of parking by Sept. 1. The Columbus Municipal Airport Authority has approved a three-year deal for Central Parking System to take over management of its...

Drury Inn resumes work on hotel downtown following wage dispute.(Brief Article)
July 27, 2001... Construction on the downtown Drury Inns & Suites project has resumed after the St. Louis hotel company agreed to honor prevailing-wage provisions of its ground lease with the Franklin County Convention Facilities Authority. Concrete work...

NRT move into Columbus strikes no fear in Rouda.(Brief Article)
July 27, 2001... The acquisition of King Thompson Realtors and Coldwell Banker Grand Traditions by the nations largest realty brokerage will merge Columbus' Nos. 2 and 3 residential real estate brokerages. But that doesn't bother No. 1, HER Realtors. ...

Secure Interiors attracts VC round, plans to hire 50.(Brief Article)
July 27, 2001... Secure Interiors Inc., a tenant at the Business Technology Center in Columbus, has received a round of funding that will help the company hire up to 50 workers in the next year and build a network operations center. Terms of the deal...

Ohio Dominican expands Easton satellite campus.(Brief Article)
July 27, 2001... Less than a year after its debut, Ohio Dominican College's satellite campus at Easton is expanding. The private Catholic college will lease 5,000 square feet of classroom space at the Easton Plaza One office building on Easton Way say...

Sarcom continues retooling, Sopp's future unclear.(Jeffrey Sopp)(Brief Article)
July 27, 2001... Eighteen months ago, Jeffrey Sopp was given the reins of the highest-profile information technology services business in Central Ohio. But with the recent appointment of Rick Mills as Sarcom Inc.'s chief executive, Sopp says he's elected...

BMW enjoys strong first-half in U.S. sales.(Brief Article)
July 27, 2001... America's soft economy might be causing some consumers to pinch pennies, but not those who buy BMWs. BMW'S North American headquarters in Woodcliff, N.J., reports the German automaker sold a record 20,250 vehicles in June, up 32 percent...

Greater Columbus colleges and universities.(ranked by enrollment)(Illustration)(Statistical Data Included)
July 27, 2001... Greater Columbus colleges and universities RANKED BY FALL 2001 GREATER COLUMBUS STUDENT ENROLLMENT FALL UNDER- APPLICANTS SCHOOL NAME 2001 GRADUATE/ ACCEPTED...

Great Indoors planning an early opening at Polaris.(Polaris Fashion Place mall)(Brief Article)
July 27, 2001... Shoppers can get a peak at Polaris Fashion Place a few weeks before the shopping mall is due to open. The Great Indoors, a store for home decorators and remodelers and operated by, Sears, Roebuck & Co., plans to open before the mall's...

Limited Too is Polaris bound; Mishmash store headed to Easton.(Brief Article)
July 27, 2001... Kids will be kids. Though Limited Inc. won't open any stores at Polaris Fashion Place, spin-off. Too Inc. has other ideas. Robert Atkinson, director of investor relations with Columbus-based Too Inc., says a Limited Too store will do...

Consultant: Limited's absence at Polaris an opportunity for many.(Polaris Fashion Place mall)(Brief Article)
July 27, 2001... Limited Inc. has built its business as a mall-based merchant, which means most regional shopping centers include stores operated by Limited or sister retailer Intimate Brands Inc. That the Limited won't be at Polaris Fashion Place when it...

Kahiki-less Walgreens to open in August; more stores planned.(Brief Article)
July 27, 2001... The Walgreen Co. store being built at the East Broad Street site of the old Kahiki restaurant site is scheduled to open in late August, says Walgreen spokesman and Columbus native Carol Hively. The store will include a dual-lane...

Bankruptcy reforms seen as aid for some creditors.(Brief Article)
July 27, 2001... Business creditors would be the big winners under provisions of a bankruptcy law overhaul bill nearing the end of its legislative ride in Congress, Central Ohio bankruptcy attorneys say. But local legal experts disagree on the necessity...

Bankruptcy reform faces 1 last hurdle.(Brief Article)
July 27, 2001... Bill gives small firms 6 months to show they can survive Ch. 11 reorganizing Creditors are close to victory in their four-year-long fight to toughen the nation's bankruptcy laws. The Senate cleared a procedural roadblock thrown up by...

OSU wins 4 state-funded scholar positions.(Ohio State University)(Brief Article)
July 27, 2001... Ohio State University has been awarded four of the seven new Ohio Eminent Scholar-positions funded through the state's $7.95 million higher education investment effort. OSU's scholars will conduct research in the behavioral aspects of...

Businesses hope to limit suits, expand access to care.(Patients' Bill of Rights)(Brief Article)
July 27, 2001... Small businesses face a classic Washington dilemma in the battle over the Patients' Bill of Rights: The only way to get something they want -- the ability to pool their purchasing power for health insurance -- may be to accept something they...

Supreme Court gives Ohio key workers' comp victory.(Brief Article)
July 27, 2001... A divided Ohio Supreme Court has ruled in favor of the Bureau of Workers' Compensation's practice of using premium money from employers to pay the administrative costs of its managed health care program. The court's 4-3 ruling overturned...

Cleveland Clinic meets capital goal a year ahead of schedule.(Brief Article)
July 27, 2001... The Cleveland Clinic has wrapped up its first-ever public fund-raising campaign a year early and ahead of its $225 million goal. The $256 million raised will help cover the cost of building the Taussig Cancer Center, Cole Eye Institute...

Dayton technology company lands big Air Force contract.(Modern Technologies Corp.)(Brief Article)(Statistical Data Included)
July 27, 2001... A Dayton company that provides technology workers for government projects has snagged a contract worth up to $1 billion from the Air Force. Modern Technologies Corp., part of the MTC International holding company owned by Beavercreek...

Delphi Automotive to invest $58.5M at new Ohio parts plant.(Delphi Automotive Systems Corp. )(Brief Article)(Statistical Data Included)
July 27, 2001... Delphi Automotive Systems Corp. plans to spend $58.5 million on a new Ohio plant to make plastic parts for electronic connectors. The factory in Vienna Township near Youngstown is expected to be completed by year-end. Delphi is reducing...

Youngstown nurses OK accord bringing 78-day strike to end.(Forum Health nurses of Youngstown General Duty Nurses Association)(Brief Article)(Statistical Data Included)
July 27, 2001... Forum Health nurses who are members of the Youngstown General Duty Nurses Association approved a three-year, contract June 20, ending a 78-day strike. A Ohio Nurses Association spokeswoman said 571 nurses voted for the contract, which...

Akron pie firm sues Mrs Smith's; consumer sues P&G over toothpaste.(Gardner Pie Co. sues Mrs. Smith's Bakeries Inc. and consumer sues Procter & Gamble Co.)(Brief Article)
July 27, 2001... * Mrs. Smith's Bakeries Inc. is accused in a lawsuit of stealing an Akron-based company's method for making lattice-work piecrust tops. Gardner Pie Co. filed the lawsuit June 19 in federal court, arguing it holds patents to a method and...

Bush adviser: Don't bet on biz tax cuts.(economist R. Glenn Hubbard comments on tax policy)(Brief Article)(Statistical Data Included)
July 27, 2001... The chairman of President Bush's Council of Economic Advisers says it is "not a foregone conclusion" that small-business tax cuts will be included in legislation to raise the minimum wage. Senate leaders from both parties say a package of...

Postal official fails to deliver at hearing.(forms to rent mailboxes that require family information)(Brief Article)
July 27, 2001... The manager of delivery operations for the Postal Service was held hostage by the chairman of the House Small Business Committee at a hearing about government agencies that compete with small businesses. At issue was the post office's new...

Health care providers slow to standardize EDI.(electronic data interchange transactions)(Brief Article)(Statistical Data Included)
July 27, 2001... A new Gartner Inc. study found 85 percent of health care providers have not completed assessments that are a critical step in meeting an Oct. 16, 2002, deadline for standardized electronic data interchange transactions. Because of this...

Foes of estate tax repeal seek tax rebate donations.(Brief Article)
July 27, 2001... The group that led the unsuccessful fight to stop estate tax repeal is asking Americans to donate their tax rebate checks to organizations that are working to overturn President Bush's $1.35 trillion tax cut or to social service providers in...

OSHA to crack down on exposure to lead.(Occupational Safety and Health Administration)(Brief Article)
July 27, 2001... The Occupational Safety and Health Administration will make targeted inspections in industries where there is high potential for exposure to lead, a leading cause of workplace illnesses. These industries include construction that involves...

Pharmacy groups work to block proposal.(Brief Article)
July 27, 2001... While the Bush Administration proceeds with plans to roll out a new Medicare drug discount program, pharmacy groups are working to block the proposal, and have shut down a similar program in Washington state after a court there agreed with a...

Columbus Physician receives makeover.(Brief Article)
July 27, 2001... First issue to be published the fall Columbus Physician, the Columbus Medical Association's (CMA) bimonthly magazine recently underwent changes in an effort to improve CMA's delivery of information to membership. "Our relationship...

Student Athlete Anti-Tobacco Program expands.(Brief Article)
July 27, 2001... The Stay Tobacco Free Athletic Mentor Program (STAMP) announced an expansion to include the 12 counties contiguous to Franklin County, with Toledo and other metropolitan areas following. STAMP was piloted in Franklin County by a grant from...

Letter from the President.(Brief Article)
July 27, 2001... Membership Counts There are many different reasons physicians decide to join the Columbus Medical Association (CMA). Whether it is saving on health insurance products, BWC or other discounts, many physicians in greater Columbus recognize...

FIRSTLINK receives funding to develop community referral line for insurance options.(Brief Article)
July 27, 2001... As part of its efforts to ensure access to health care for vulnerable residents in Franklin County, Access HealthColumbus awarded FIRSTLINK $124,685 to provide year-one support for the development of a Community Referral Line for Insurance...

Foundation offers services to nonprofit organizations.(Brief Article)
July 27, 2001... Health related nonprofit organizations engaged in or plan to engage in fundraising activity, but lack the infrastructure to receive and process charitable gifts, or invest and manage an endowment fund account, can utilize the services of the...

YAC announces first RFP on student pregnancy and Sexually Transmitted Diseases.(Brief Article)
July 27, 2001... The Columbus Medical Association (CMA) Foundation Youth Advisory Council (YAC) recently defined and released the first of four Request For Proposals (RFP) for the 2001-2002 school year. Due to increasing occurrences of Sexually Transmitted...

BWC seeks feedback on proactive allowance process.(Brief Article)
July 27, 2001... Physicians have indicated to BWC that they continue to experience difficulty in having additional conditions recognized in injured workers' claims. BWC does have a new proactive allowance process that became effective Feb. 14, and was...

For retailers, catalog operations can add a hefty revenue stream.(Brief Article)
July 27, 2001... Scott Hartle says Franklin County is a horse county, second in the state only to Cuyahoga County. As president of Columbus-based Rod's Western Palace, a retailer for western clothing, show apparel, tack, home accents and gifts, Hartle...

Nonprofits help train would-be employees.(Brief Article)
July 27, 2001... For-profit staffing agencies aren't alone when it comes to training and recruiting qualified employees for Columbus' businesses. A variety of nonprofit organizations offer a helping hand, bringing employers and employees together through job...

Columbus State Community College.(sports and fitness management degree program ranked first in enrollment)(Brief Article)
July 27, 2001... The sports and fitness management degree program at Columbus State Community College was ranked number one in the nation in enrollment by Community College Week, an independent national trade journal. This is the third consecutive year that...

Triad Architects.(Brief Article)
July 27, 2001... Triad Architects developed a $44 million campus master plan for the Waverly City Schools in Pike County to include two new elementary schools and new middle and high schools as well as nature and cross-country trails and outdoor plazas. The...

New tools aid in fight against e-attacks.(Brief Article)
July 27, 2001... With names like Melissa, Love Bug and Anna Kournikova, recently publicized computer viruses sound rather nonthreatening. Infiltrating computer networks mostly via e-mail, attackers are expected to continue to come up with new offenses for...

SIMPLIFIED GIVING.(software from Civic Assets)(Brief Article)
July 27, 2001... Local firm's software aims to make it easier for corporations, nonprofits to match up Jon Baesman wants to simplify the business of giving. To that end, Baesman has launched a public affairs services firm armed with software to do just...

New employment Web site targets specific schools.(CollegeJobBoard.com)(Brief Article)
July 27, 2001... CollegeJobBoard.com enables employers to target their fulltime, part-time and summer job listings to students and alumni from specific schools. Employers can post jobs to 4,701 colleges, 1,869 graduate schools, 17,699 high schools,...

Nextel broadens two-way radio feature in Columbus.(Brief Article)
July 27, 2001... Nextel Communications Inc. has made it easier for customers to use the two-way radio feature on the company's wireless phones. The service requires users to dial a few extra numbers but otherwise frees them to link up with Nextel users as...

WEB inSITE.(Data Assist Inc.'s assist.com website)(Brief Article)
July 27, 2001... URL:www.assist.com Company: Assist.com, division of Data Assist Inc., Columbus Contact: Brian Lockrey, president, Data Assist Inc., 614-888-8088 ext. 104, lockrey@assist.com Site design: Assist.com Launch date: Jan. 28, 2000...

Web strategist key to venture's success.(Brief Article)
July 27, 2001... The Internet has the power to dramatically change the way your company does business. Done correctly, Web sites, e-mail, intranets, extranets and all other Internet applications can enable your business to do what it does better, faster,...

PROFILE: Jared Carlow.(Brief Article)(Interview)
July 27, 2001... Name: Jared Carlow Title: Web manager Company: COSI Columbus Time in current position? Nine months Where did you begin your tech career? As a mechanical engineering student in college, I got bored with analyzing designs...

House ruling could help e-mail, fax-based sales.(Brief Article)
July 27, 2001... Legislation to exempt "inside sales" employees from minimum wage and overtime laws barely cleared its first hurdle. A House subcommittee voted 8-6 in favor of the Sales Incentive Compensation Act (H.R. 2070) legislation, which applies to...

ReSource Partner sold for 2nd time.(Brief Article)
July 27, 2001... The former ReSource Partner Inc. management-software outsourcing firm has been sold again. The Columbus company has been known as Interliant Managed Application Solutions Inc. since last March when it was bought by Interliant Inc., an...

GREATER COLUMBUS STOCKS.(Brief Article)
July 27, 2001... GREATER COLUMBUS STOCKS FROM PRICE PREVIOUS COMPANY SYMBOL 7/25 WEEK Abercrombie & Fitch ANF...

Southwest Air price is flying too sky-high.(Brief Article)
July 27, 2001... Dear Mr. Berko: In 1999 I bought 200 shares of Southwest Airlines Co. on your recommendation. After two splits I now own 450 shares and, as you know, I have a huge profit. Please give me your opinion about the stock. Should I sell or hold it?...

Glimcher Realty Trust.(second quarter earnings and revenue)(Brief Article)(Statistical Data Included)
July 27, 2001... Glimcher Realty Trust reported funds from operations rose 14.1 percent and revenue jumped 21.6 percent in the second quarter ended June 30. The Columbus-based real estate investment trust (REIT) said the gain in revenue was due to acquiring...

Dominion Homes Inc.(second quarter earnings and revenue)(Brief Article)(Statistical Data Included)
July 27, 2001... Dominion Homes Inc.'s profits in the second quarter were up 38 percent to $2.9 million, or 44 cents a share, from $2.1 million, or 32 cents a share, in the same quarter ended June 30 last year. The Dublin-based homebuilder reported the...

Heartland BancCorp.(second quarter financial statistics)(Brief Article)(Statistical Data Included)
July 27, 2001... Heartland BancCorp's second-quarter profits were up 5 percent, from $695,000 last year to $730,000 in the quarter this year. The Gahanna-based bank said share earnings were 53 cents, compared with 50 cents last year. Total loans as of June 30...

Pinnacle Data Systems Inc.(second quarter financial statistics)(Brief Article)(Statistical Data Included)
July 27, 2001... Pinnacle Data Systems Inc. lost $328,643, or 5 cents a share, in the second quarter, after posting a $293,789 profit, also 5 cents a share, in the same quarter last year. Revenue for the Columbus-based computer systems developer was off 16...

Applied Innovation Inc.(second quarter earnings)(Brief Article)(Statistical Data Included)
July 27, 2001... Applied Innovation Inc. earned $408,000 in the second quarter, an 82 percent drop from the $2.3 million in profits it reported in the same quarter last year. Share earnings fell to 3 cents, from 15 cents last year. The Dublin-based...

American Electric Power Co.(second quarter earnings and revenue)(Brief Article)(Statistical Data Included)
July 27, 2001... American Electric Power Co.'s earnings and revenue increased substantially in the second quarter, helped along by a healthy wholesale natural gas business, the Columbus company reported July 24. Ongoing earnings for the three months ended...

Mortgage rates.(Brief Article)
July 27, 2001... Mortgage rates 30-YR FIXED 15-YR. FIXED FINANCIAL INSTITUTION % RATE POINTS % RATE Affinity Group Mortgage 6.50 1.25 6.25 ...

Polaris mall hires agency to help retailers fill jobs.(Brief Article)
July 27, 2001... The Columbus employment services agency Acloche LLC is screening applicants for jobs with retailers at Polaris Fashion Place. Linda Wardell, assistant general manager for Glimcher Realty Trust's 1.5 million square-foot shopping mall, said...

Surgeon General Satcher to deliver OSU commencement.(David Satcher, Ohio State University)(Brief Article)
July 27, 2001... David Satcher, surgeon general assistant secretary for health, will be the speaker at Ohio State University's summer commencement ceremonies Aug 30 at the Jerome Schottenstein Center Satcher, 60, was appointed surgeon general in 1998 with...

Steel industry needs support of public sector.(Brief Article)
July 27, 2001... Public assistance for business often is a sticky wicket. Corporate interests never miss a chance to lambaste government for interference when regulations limit their business endeavors - necessarily or not. And how often do we hear the public...

Stock stats offer junk food for thought.(Brief Article)(Statistical Data Included)
July 27, 2001... For decades economists have searched for the perfect indicator of the broader market - an accurate predictor of future economic health. Every day, Alan Greenspan scans the world of business and finance for clues about the strength of the...

SEEKING A HIGHER GROUND.(Mount Carmel Health System)
July 27, 2001... Mount Carmel CEO employs new leadership model to inspire, retain employees and boost operations With classical music playing softly in the background, Mount Carmel Health System CEO Joseph Calvaruso talked about the kinder, gentler, yet...

Computer glasses cut eye strain.
July 27, 2001... Millions of people who use computers are susceptible to problems with their eyesight, neck and back as well as dry, irritated eyes and contact lens problems -- and the solution maybe as simple as wearing glasses created for computer users....

Greater Columbus physician group practices.
July 27, 2001... Greater Columbus physician group practices RANKED BY NUMBER OF GREATER COLUMBUS PHYSICIANS IN GROUP PRACTICE NAME GREATER STAFF: LOCATIONS/ ADDRESS COLUMBUS PA'S 2/ PATIENTS ...

Creeping growth of family leave frustrates employers.(Family Medical Leave Act)(Brief Article)
July 27, 2001... The creeping scope of a law originally aimed at ensuring time off for parents after childbirth has employers frustrated with their inability to prevent or even keep up with its steady growth in coverage. At the time of its passage in...

PEOPLE ON THE MOVE.(appointments and selections in Columbus business)(Brief Article)
July 27, 2001... ACCOUNTING John Latham was named partner in the financial services industry tax practice and leader of the Ohio Valley area's financial services tax practice for Ernst & Young LLP. Michael A. Bucci was named partner, practicing in...

Paula Inniss on Advisory Boards.(Brief Article)
July 27, 2001... As the President and CEO of Ohio Full Court Press, Paula Inniss has been making decisions for the company since 1995 and her leadership has earned the company much recognition, including multiple Business First Fast 50 awards. Inniss was...

Key to Taking Stock.(Liqui-Box Corp. financial information)(Brief Article)(Statistical Data Included)
July 27, 2001... LIQUI-BOX CORP. Nasdaq LIQB samuel B. Davis Chairman and CEO Age 57 Year end data (Year ending 12.31.98) Shares outstanding 4,654,026 Shareholders' equity $65,766,000 Stock price (6.30.99) $53.75 ...

Area's public company list thinned in 2000.(Columbus, Ohio)(Brief Article)
July 27, 2001... Taking Stock has several changes for 2001 and, following the pattern of the last few years, most of the changes involved removing companies from the list of Central Ohio's publicly traded operations. Followers of the local business scene...

Private companies face challenges when joining public arena.(Brief Article)
July 27, 2001... The underwriters have just given a company a check for the net proceeds of its initial public offering. It is now a publicly traded company After the euphoria wears off and reality sets in, here are some of the differences its managers will...

Corporate debt? Think of it as an addiction.(Brief Article)
July 27, 2001... I look at corporate debt as being a bit similar to red wine. Neither debt nor red wine used in moderation will cause harm. In fact, it might actually be beneficial. Used to excess, however, both debt and red wine can cause big problems....