Business Models for a New Millennium
Recognizing the opportunities presented by new Internet-based business models, BCG partners with Goldman Sachs and General Atlantic to create iFormation, a company that in the words of former BCG partner and iFormation chief executive officer David Pecaut "will partner with Global 2000 companies to conceive, build, and operate the next generation of businesses that will become leaders of the new economy."
BCG Insights & Highlights
- BCG partners with Goldman Sachs to create startups that later become spinoffs, including such digitally based companies as iFormation, site59.com, and Platinion
- Offices opened: New Delhi
- Consultants = 2,370
World News
- After months of fear that a Y2K (i.e., year 2000) bug would cripple computer systems worldwide, the new millennium is ushered in without any major computer disruptions
- Vicente Fox Quesada is elected President of Mexico, ending 71 years of one-party rule
- The human genome is first deciphered
- A nationwide uprising in Yugoslavia overthrows president Slobodan Milosovic
- A visit by Israeli leader Ariel Sharon to a joint Jewish/Muslim holy site reignites the Palestinian intifadah
- An outbreak of mad cow disease spreads across Europe and results in the slaughter of millions of dollars worth of livestock for precautionary reasons
- The bottom falls out of the stock market boom of the nineties as investors lose faith in overpriced technology stocks
- Six-year-old Cuban Elian Gonzalez becomes the center of an international dispute after his mother dies while escaping with the boy from Cuba. Despite strong protest from Cuban nationals in the United States, the boy is reunited with his father in Cuba
- In the closest U.S. presidential election ever, the outcome is determined through a series of legal battles in state and federal courts concerning recounts in the state of Florida. The U.S. Supreme Court, by a 5-4 margin, ends the recounts and reaffirms that George W. Bush is the winner
