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...first company, Arbusto (Spanish for "bush"), into one called Spectrum 7 in 1984 and then led the struggling firm into Harken's embrace in 1986. In exchange for his 15% stake in Spectrum, Bush got Harken stock worth some $320,000; he was also hired as an $80,000-a-year consultant. Harken founder Phil Kendrick explained it this way: "His name was George Bush," he told Time. "That was worth the money they paid...
...life sentence on murder and racketeering charges. The former juvenile delinquent from the South Bronx relished the spotlight, favoring $2,000 suits and tony restaurants, smirking throughout his four trials and winning populist-hero status in the tabloids. Although he had always claimed to be a $100,000- a-year plumbing salesman from Ozone Park, N.Y., Gotti was convicted in 1992 with the help of testimony from mob turncoat Sammy Gravano...
MCKISSACK: A stock like MBNA, the credit card issuer, we've owned for a long time. It's growing from what was a midcap company into the larger-cap space. It has demonstrated 20%-a-year growth and, with its credit review and issuance process, it has an above-average customer in terms of income and payment history. We've also been very successful with SunGard Data Systems and continue to see that as a good long-term opportunity. It provides specialized software into the financial-services market and recently bought Comdisco to make it a larger player in that...
Person of the Week SIX FEET UNDER John Rusnak was just another suburban dad?or so his Baltimore, Maryland neighbors and bosses thought. However, this $85,000-a-year currency trader surreptitiously dug his company, Allied Irish Banks, a $750 million financial hole the firm may never get to the bottom...
...Enron's role in the California crisis quite the way, say, Gray Davis did. And the list of Administration members with Enron connections is long indeed - aside form Lay buddies Bush and Cheney, Karl Rove was a big stockholder, Larry Lindsey and Robert Zoellick were $50,000-a-year board members, Marc Racicot was a lobbyist until Tuesday and Secretary of the Army Thomas White Jr. is a former executive...