Word: bankrupted
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Dates: during 1980-1989
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...begun to seem painfully true. Armed chiefly with bravado and borrowed cash, such buccaneers as T. Boone Pickens, Paul Bilzerian and Canada's Robert Campeau once made boardrooms tremble and the stock market dance. No longer. More jeered than feared, many raiders are mired in debt, saddled with bankrupt companies or deprived of their clout. Others who profited from the buyout binge face public obloquy or even years in jail...
Grand Hotel is set in the poshest spot in Berlin in 1928, the very year that Threepenny premiered. In this rarefied place, even victims are privileged: a bankrupt baron (David Carroll), an embattled industrialist (Timothy Jerome), a ballerina in decline (Liliane Montevecchi) and her dogsbody, a closet lesbian (Karen Akers). A dying accountant, played by Michael Jeter with a dazzling mix of febrile weakness and life-grabbing gusto, has enough money to live out his waning days in luxury, while a typist (Jane Krakowski) who moves from man to man always has her looks to fall back...
...Jamestown in 1619 that the first shipload of captive Africans later destined for slavery disembarked. It was at Appomattox in 1865 that the Confederacy surrendered. It was in Virginia in the 1950s that men who fancied themselves learned penned some of the last erudite-sounding but morally bankrupt justifications for segregation. And it will be in Richmond on Jan. 13 that there will be a black hand on the Bible when Lawrence Douglas Wilder is sworn in as Virginia's 73rd Governor. It is not only in Berlin that ugly walls and once impassable barriers are tumbling down...
...outcome of the suit against Merrill Lynch turns in part on whether Harvard is able to salvage its $45 million from the now-bankrupt Dallas financial services company...
Asked whether an investor usually gets its money back from a bankrupt company, Berry says the chances are generally slim. "Sometimes [the investor] does--most often it doesn't," he says...