But the billionaire American investor is now trying again, making a second investment in the company that dealt him his biggest business setback.
In the real world of business, setback and failure require reflection and recalibration, processes that are hindered by the exaggerated behavior of a leader.
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Since its creation in 1992, the PTC has expired on three occasions, each a big setback for the wind business.
Despite his early setback in the tyre business, Mr Sabanci has made a speciality of joint-ventures with foreign partners, striking 17 since 1985 in sectors as diverse as cars and cigarettes.
Mandating a floating NAV would make short term financing for American business less efficient and more costly, ensuring a severe setback for an economy emerging from a recession.
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Just last month, Sir Philip's Bhs business announced a 60% fall in annual profits, a setback he blamed on mistakes in its womenswear collection.
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But there could be another, more profound reason for sadness: In a nation that has begun to show a willingness to reform an entrenched and sometimes destructively incestuous business culture, the ouster of Chung Se Yung may represent a serious setback.
These have included the downturn in electronics from the end of 2000, the setback to financial services growth in 2002 and 2003, and the relative weakness of business services sector in 2004.
Pascal Gentinetta, head of the business lobbying group Economiesuisse, had said news of the payments to Mr Vasella had been a tough setback for his campaign for a "no" vote in the referendum.
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Tuesday's detentions are a possible setback for the French bank, which has described Russia as a key growth driver to help offset shrinking business at home.
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