Forbes Magazine May 15, 1989 Denny's Always The Low-Cost Producer VG
This vintage Forbes magazine from May 15, 1989, features an insightful cover story on Dennis Washington, a self-made billionaire who built his fortune through efficiency and traditional business acumen. With deep dives into corporate strategies, market trends, and international economic developments, this issue is a must-have for collectors, investors, and business enthusiasts.
Condition:
- Very good condition, with minor wear on edges.
- The exact item shown in the listing photos is what you will receive.
- Please review pictures carefully for condition details.
Highlights from This Issue:
Cover Story:
- Denny’s Always The Low-Cost Producer – Dennis Washington built his business empire the old-fashioned way—through efficiency and hands-on management rather than financial engineering.
Corporate & Market Trends:
- Enron Corp. – Despite disappointing earnings, Enron’s long-term potential remains significant.
- The Up & Comers: Paychex, Inc. – Tom Golisano capitalizes on small businesses' struggles with government paperwork.
Industry & Market Analysis:
- Broadcasting: How The Rich Get Richer – Affirmative action, Nashville TV ownership, and an Indian businessman’s media empire-building.
- Mortgage Lending: Come And Get It – The government’s push to privatize mortgage lending could lead to another financial crisis.
- Pop Music: What’s Old Is Gold – The surprising connections between classic rock bands and major consumer brands like Oreo and Budweiser.
- Refined Profits – U.S. oil companies are no longer sabotaging their own earnings—for now.
International Focus:
- A Letter From Santiago – Chile’s booming economy owes much to its military dictatorship, raising questions about governance and economic growth.
- Diana Slept Here – The Savoy Hotel takeover battle between Charles Forte and British aristocrats.
Social & Political Issues:
- Sexual Harassment In The Workplace – Is It A Phony Issue? – Examining the corporate and activist response to workplace harassment.
- The Money Pit – Reports indicate that U.S. foreign aid is due for a major overhaul, with Egypt as a case study.
Investment & Finance:
- Deals That Smell Bad – Toxic waste and environmental concerns are eroding stock prices and ruining mergers.
- The Money Men: Lessons In The Ledgers – Surprising investment insights, such as Coca-Cola as a Pacific Rim growth stock and Wal-Mart as a high-tech play.
- Faulty Arithmetic – The SEC’s flawed analysis of mutual fund costs favors front-end load funds.
Wall Street & Market Indicators:
- Streetwalker – Covering the Dow yield as a market indicator, Andrews Group, Grant Street National Bank, and Comcast.
Additional Details:
- Comes with a plastic protective covering for preservation.
- Combined shipping available—please inquire for details.
- A valuable addition to any collection of vintage business, finance, and investment publications.
Own a piece of financial history with this well-preserved Forbes issue, offering insights into corporate leadership, investment strategies, and economic challenges of the late 1980s!
COVER STORY
87 Denny’s Always – The Low-Cost Producer
By Richard L. Stern
In an age of merger merchants and leverage artists, Dennis Washington has become a demibillionaire the old-fashioned way: by moving dirt and making businesses more efficient.
COMPANIES
52 Enron Corp.
By James Cook
Earnings have been disappointing, but Enron’s potential is as great as ever.
80 The Up & Comers: Paychex, Inc.
By Fleming Meeks
Small businessmen groan beneath the paperwork burdens imposed upon them by government. Their problem is Tom Golisano’s opportunity.
INDUSTRIES
38 Broadcasting: How The Rich Get Richer
By Howard Rudnitsky
A Nashville TV station counts Eskimos among its owners, and a businessman from India gets Washington’s help to build a U.S. media empire. This is affirmative action?
41 Mortgage Lending: Come And Get It
By Matthew Schifrin
In the name of privatization, the government deputized more than 50 firms to issue mortgages on multi-family rental projects. Another S&L-type mess in the making?
56 Pop Music: What’s Old Is Gold
By Peter Newcomb
What do Oreo cookies and Budweiser beer have in common with aging rock groups? More than you might think.
110 Refined Profits
By Toni Mack
Major U.S. oil companies have, for the time being at least, stopped sabotaging earnings in a critical part of their operations.
INTERNATIONAL
92 A Letter From Santiago
By Jean A. Briggs
Chile supplies the grapes and strawberries for our winter tables and has the soundest economy in Latin America. Too bad it took a military dictatorship to accomplish what elected governments have failed to do.
116 Diana Slept Here
By John Marcom Jr.
The Savoy Hotel’s blue bloods sniffed when Trusthouse Forte’s Charles Forte tried to take them over. Lord Forte, now aided by his determined son, remains in hot pursuit.
ISSUES
69 Sexual Harassment In The Workplace – Is It A Phony Issue?
By Gretchen Morgenson
Corporations and activists crusade against sexual harassment. Is it really getting worse?
100 The Money Pit
By William P. Barrett
Two new government reports say the U.S. foreign aid program needs an overhaul. A visit to Egypt shows why.
INVESTING
49 Deals That Smell Bad
By Ruth Simon
Toxic waste is corroding stock prices and undoing takeover deals. Is there slime in your portfolio?
104 The Money Men: Lessons In The Ledgers
By Jack Willoughby
Looking for a Pacific Rim growth stock? Think Coca-Cola. A high-technology play? Try Wal-Mart. This from a historian who has studied 300 years of boom and bust.
112 Faulty Arithmetic
By Jonathan Clements
A tale in which the SEC sets out to expose the true costs of mutual fund investing but ends up stacking the deck in favor of front-end load funds.
164 Streetwalker
Dow yield as market indicator; Andrews Group; Grant Street National Bank; Comcast.
