Word: bankrupting
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Dates: during 2000-2009
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...FALLING Iridium was the world's first truly global communications system, providing wireless phone service anywhere on Earth via an orbiting network of satellites. When the service didn't catch on, the company went bankrupt, and Iridium announced it would allow all 66 satellites, launched at a cost of $5 billion, to burn up in the sky. Now a group of enterprising technophiles called Save Our Satellites is attempting to buy the satellites, on the ground that they constitute one of history's greatest engineering feats. If you want to help raise funds, sign up at saveiridium.com...
...larger membership helped the club stay afloat, but problems popped up again in 1971 when theatricals went bankrupt over the show The Wrong Way In. Swistel acknowledged that the theatricals' business practices were lacking. The club and theatricals were still intertwined as one organization, but club types did not always make the best drama decisions and the state of theatrical finances was grim until two enterprising members overhauled the organization's management. "They said we had to redo the business plan, how we sold tickets--specialized in group sales and advanced sales. And they convinced their parents to kick...
...California pharmacy students and a friend, two of whom face a criminal trial next month, allegedly logged on to computer terminals at UCLA's biomedical library and planted more than 500 messages on a variety of hot websites to pump up the stock of NEI Webworld Inc., a bankrupt commercial-printing firm in Dallas...
...expensive. Just ask the folks at BP Amoco. Last fall the company nearly saw its $484 million investment in Russian oil giant Sidanko all but disappear in a maze of Russian corporate shenanigans. In a complex scheme with a brutishly simple result, Sidanko's most prodigious subsidiary was declared bankrupt and sold for a song to a rival, the Tyumen Oil Co. (TNK). BP Amoco vehemently objected and in late December reached a tentative settlement with TNK. But the Sidanko affair is still cited in expatriate business circles as a symbol of the hurdles foreigners face in Russia...
...These aren't your typical character types. Affleck portrays Rudy as the flawed protagonist--he's the "hero" that the audience roots for, but only because he's the lesser of several evils. In a movie in which first impressions can be deceiving and everybody is morally bankrupt, Rudy is, strangely enough, the honest one of the bunch. All he really wants to do is spend the holidays at home with his family--of course, his plans go awry when he and Ashley fall into the hands of Gabriel. His ability to counter-manipulate the manipulations of his captors illustrates...