Word: accountants
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Dates: during 1970-1979
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Last fall, after Begelman confessed to the board that he had embezzled $84,000 from the company by forging checks and padding his expense account, some directors wanted to keep the affair quiet. They hoped to protect Begelman, whose smash films (Close Encounters, The Deep) had saved the company. But Hirschfield insisted on suspending Begelman and revealing his wrongdoings. With that, Hirschfield lost support of the board powers, notably his longtime mentor, Investment Banker Herbert Allen. Begelman was indicted for fraud and placed on probation for three years. Even so, he has a $1.5 million three-year contract...
...doctrine of playing to one's audience overlooks the fact that a newspaper's primary function is to present the news. "News" is of course distinct from "truth," in that no reporter or editor can be totally objective; he or she can present only a personalized account, a "story" in the true sense of the word, about some event. Still, the good paper strives to be as objective as possible, realizing that its editorial integrity depends on its ability to stay dispassionate. The paper that abandons this course--the one that adopts a "please the reader" philosophy in relation...
Federal funds account for most of the $1.3 million that is spent each year by Miami's Edison-Little River Council on programs for the unemployed and disadvantaged. But when Dade County investigators checked up on how Council President Nathaniel Dean was actually using all that money, they found evidence that he had diverted $22,000 for the use of a gasoline station that he owns. He also made an undetermined number of interest-free loans to his various relatives. He employed a staff psychologist at the council who had no degree in psychology and whose home address turned...
...orbital characteristics, they have calculated that Pluto's diameter is about one-fifth that of the earth's, its density perhaps less than one-third and, most significant, its mass only .2%. This means that their shrunken Pluto may not have enough gravitational pull to account for suspected irregularities, previously attributed to it, in the orbits of Uranus and Neptune, the seventh and eighth planets from the sun. Then what could be disturbing the two larger planets? Perhaps, suggests Harrington, it is "a new massive object, possibly even a new planet...
...Charles Walsh, 54, it was the computer-age equivalent of the BANK ERROR IN YOUR FAVOR card in Monopoly: the Commercial Trust Co. of Jersey City mistakenly notified him that $100,000 had been credited to his account. A bachelor who eked out a living buying and selling coins, Walsh quietly withdrew the money and set out to pursue his modest version of the American dream...