An Empire Undone: The Wild Rise and Hard Fall of Chris Whittle
Chris Whittle came out of nowhere and started with nothing; he was basically just an ambitious student from the University of Tennessee. A superb salesman, he became America's most talked about entrepreneur in media and education reform, a man with visions of the future. In 1987, before he turned forty, Chris Whittle was wealthy enough - Time Inc. bought half of his company for $185 million - to enjoy a lavish Gatsby-style life. And then his multimillion-dollar empire collapsed. Chris Whittle could sell, but he couldn't manage. He undercut his CEOs. His ego made him think he could do it all. In the end his mismanagement drove his overexpanded company to the brink of bankruptcy. Known for pulling many rabbits out of hats, Chris tried desperately in 1994 to rescue his media empire. He failed. His partners, Time Warner, Associated Newspapers of London, and the Philips Electronics conglomerate of the Netherlands, dethroned him and had a fire sale of all his entrepreneurial inventions - save one, the Edison Project, in which he still held the biggest stake. Now Chris Whittle is launching the first of the Edison schools, with Benno Schmidt managing them, and hopes to win a sizeable share of what he sees as a new $75 billion privately managed public-school industry.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Wooing the President of Yale
In Love in Medical School
Etowah Just the Right Town
21 other sections not shown
13-30 Corporation advertising Alan Greenberg asked began Benno Schmidt Bonnier Boroian Brient building called campus Channel Chris and Moffitt Chris says Chris told Chris Whittle Chris's Collins Connell Dakota David White deal dollars Edison Project Edison Schools editor Eisenberg Esquire Etowah executive friends going graduate Greaves Greenberg Hanggi headquarters high school Hogan hundred idea investment K-III knew Kobak Lamar Alexander later launch Lee Eisenberg look Lord Rothermere magazine Marino marketing Mayfield Mike Collins million months needed never Nutshell partners percent Peter Marino Phillip Moffitt pillow factory politics Porter Bibb president Priscilla publishing recalls revenue Rita says Moffitt sell Special Report Sprout talked Ted Turner things thought tion took Tricia Tricia Brock trying University of Tennessee wanted Warner weeks Whittle Communications Whittle's Yale York