Word: adelphia
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Dates: during 2000-2009
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...because it reflected his own view: complex reforms of securities law are well and good, but the best way to assure skittish investors that the government is fixing the problem is to nab a few bad guys. Bush got his cue when federal agents hauled away the founder of Adelphia Communications and his sons in handcuffs in front of a bank of television cameras. "This government," Bush said, jabbing the air to punctuate his words, "will investigate, will arrest and will prosecute corporate executives who break...
...stock in a company that puts its name on a sports stadium, it might be time to think about selling. Fans of the Houston Astros flocked to Enron Field, and Tennessee Titans ticket holders went to Adelphia Coliseum for their home games--until earlier this year, when both troubled companies were unable to pay the millions of dollars required to keep their logos in lights. Dean Bonham, a sports-marketing expert in Denver who helps companies buy naming rights, says there are more than 60 multiyear naming deals in the U.S., worth a total of about $3.5 billion. Five...
...Minus) In his first move to reduce Vivendi's ?19 billion debt, new CEO Jean-René Fourtou will separate Canal Plus into a new company and sell the rest of its pay-TV unit. INDICATORS A Family Affair Think your family reunions are stressful? John Rigas, founder of Adelphia Communications, was arrested in New York City with his two sons and two other former executives for allegedly committing hundreds of millions of dollars in fraud at the bankrupt cable company. The Doll Takes A Fall Happily, most of us forgot about Danish pop group Aqua...
...because it reflected his own view: complex reforms of securities law are well and good, but the best way to assure skittish investors that the government is fixing the problem is to nab a few bad guys. Bush got his cue when federal agents hauled away the founder of Adelphia Communications and his sons in handcuffs in front of a bank of television cameras. "This government," Bush said, jabbing the air to punctuate his words, "will investigate, will arrest and will prosecute corporate executives who break...
...Adelphia scalps gave the Administration a chance to look as if it was taking charge amid the dreadful financial news. Through much of July, as toxic stock syndrome plunged the market to five-year lows and nudged his poll numbers to mortal levels, the President and his top economic advisers appeared helpless and sometimes befuddled. Wall Street was not impressed. As a private equities fund manager told Time, "It doesn't seem like his top priority. It doesn't seem like he understands. It doesn't seem like they have their act together." Each time Bush gave a speech promising...