Word: auction
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TIPS definitely make sense for the government. The new issues could eventually lower the Treasury's cost of borrowing by billions. No wonder plans call for a second auction in April that might offer TIPS in a variety of maturities so you can ward off inflation for as many years as you like...
What struck Katharine Meyer most about her father's purchase of the Washington Post in 1933--for $825,000 at a bankruptcy auction--was that no one in her family bothered to tell her about it. Home for the summer after her junior year at Virginia's Madeira School, she overheard some conversation about the deal. "Oh, darling," her mother said, "didn't anyone tell you? Dad has bought the Post...
MOTHER OF THE YEAR: Jackie Onassis, whose posthumous auction helped pump up a surprisingly small estate...
Even a lower-echelon dealmaker or trader could drown in this year's bonus pool, filled by the huge flow of investors' money into Wall Street and by auction-quality bidding for talent. "It's like Madonna or Michael Jordan," exclaims Alan ("Ace") Greenberg, chairman of Bear Stearns and one of the Street's franchise players. This year Ace scored bonuses, on top of his cheesy $200,000 base salary, adding up to $18,840,701 in cash, stock and what a proxy statement calls "other compensation," more than double the pedestrian $8 million he got last year. And that...
Over the din of his civil trial and the competing dins of the year--the Jackie O. auction, the John Jr. wedding, the royal divorce, Kathie Lee's weeping over sweatshops, the thrice-a-week movie openings, the newer-than-new all-news channels, the introduction of McDonald's Arch Deluxe to North America--rose the word of the decade: whatever...