FAS International is a company dedicated to making a fortune out of fame. It runs a mail-order education empire, including the Famous Writers, Artists and Photographers schools, that sells about $90 million yearly in programmed instruction to would-be Hemingways, Picassos and Carder-Bressons around the world.
Lately, however, FAS has become famous for its misfortune. The firm lost $2,200,000 in the quarter that ended last December, mostly because of the recession and a few improvident acquisitions. Then FAS executives asked that the company's stock be suspended from trading on the New York Stock...
To continue reading:
or
Log-In
