Photos: 'Die Hard' Star Buys NYC $8M Apartment
Bruce Willis has purchased a NYC apartment for $8 million, New York Post reported. The apartment was listed by U2 bassist Adam Clayton in October for $8.695 million according to Zillow.com.
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The TIME at Davos Debate: The Rewards of Mastering Risk
With political gridlock and economic malaise troubling the U.S., Europe and China, the buzzword for this year’s World Economic Forum in Davos is uncertainty. Who or what will spur the innovation that leads to jobs and growth? Our roundtable discussion on Jan. 23, hosted by TIME and moderated by Jim Frederick, editor of TIME International, included John Chambers, CEO of Cisco; Walmart CEO Mike Duke; Anand Mahindra, managing director of Mahindra & Mahindra; Martin Senn, CEO of the Zurich Insurance Group; Harvard Business School professor Clayton Christensen; and Bain & Co. chairman Orit Gadiesh. Their view? In this difficult economy, even the meaning of innovation remains unclear. — Roya Wolverson (PHOTOS: Are Today’s Business Leaders Too Afraid of Risk?) LEADING THROUGH RISK Are leaders too risk-averse in their efforts to bring the economy back on track? JOHN CHAMBERS: In our industry, my competitors from 15 to 20 years ago are all gone. And by the way, Cisco could get left behind in ...
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Q&A: Why U.S. Companies Fail to Innovate
Davosians have been raving about Harvard professor and innovation guru Clayton Christensen’s performance on our TIME Davos panel “Leading Through Adversity” on January 23. So I caught up with him in the World Economic Forum’s bustling Congress Center to dig deeper into the root causes of the innovation lull in the U.S. Why are answers to what’s causing risk-aversion in the economy so elusive? There’s no consensus—both inside of companies and inside the economy—because there’s no common language or agreed upon way to frame this problem. Often, in investments and innovation of any kind, if you ask the question “Should we do it?” you never get the right answer. Management teams aren’t good at asking questions. In business school we train them to be good at giving answers. For example, your industry, media, is being badly disrupted. And the question is not “Should we shut the business down?” It’s “Where else in the market are people making money?” And if you ...
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Are Today’s Business Leaders Too Afraid of Risk?
During this year’s TIME Davos panel “Leading through Adversity,” TIME International editor Jim Frederick asked some of the world’s biggest players in the global economy a simple question: Are leaders too risk-averse in their efforts to bring the economy back on track? It’s not an unfamiliar query for the likes of Walmart CEO Mike Duke, Cisco CEO John Chambers, and Martin Senn, CEO of Zurich Insurance Group. Indeed, political gridlock has been gripping economies from the U.S. to Germany to China, making uncertainty a defining theme of this year’s Davos chatter. As Eurasia Group’s Ian Bremmer said at a recent Thomson Reuters event in New York: For “emerging markets in general, the level of political instability is underpriced for 2013.” Aside from political risks abroad, corporate executives have taken a lot of heat for using uncertainty about taxes and regulation back home as an excuse to put off investing in jobs and growth. The TIME panel shed some light on the root causes ...
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Four Keys to Decoding the World Economic Forum
As we speak, business leaders and heads of state are gathering in Davos, Switzerland for their annual dose of brainstorming and cocktail partying. Bloggers have been placing bets on whether the U.S. or hobbled Europe will get more attention, and whether Wall Street darlings like JPMorgan Chase’s Jamie Dimon and Lloyd Blankfein of Goldman Sachs will have it easier this year than last. For readers following the event (and journalists covering it), Davos can be an overwhelming cacophony of competing themes and ideas. So here are four things that may help make sense of the week-long media flurry ahead: You Aren’t Invited (And Neither Am I) In case you missed this lovely Davos decoder by Nick Paumgarten in The New Yorker last year, it’s a sharp assessment of what Davos is really like from the inside—or outside, depending on your status as a Davos attendee. Writes Paumgarten: Davos is an onion, a layer cake, a Russian doll. “Never feel that you’re out of the loop, because the loop ...
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