Word: bankrupting
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Dates: during 2000-2009
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...sentence for perjury in the case, last week finished repaying that sum plus damages, costs and interest. Former Tory cabinet minister Jonathan Aitken also served time for perjuring himself during a libel action he brought against the Guardian, which had accused him of accepting gifts. By 1999 Aitken was bankrupt, his legal bill still unpaid. Since Major's libel actions never came to trial - and because they predated a change in the law that since 1997 requires parties to a civil action to sign a statement of truth - he is unlikely to face a perjury prosecution. But that doesn...
...really don’t care. Bankrupt and living in squalor in Quebec...
...April 30, General Motors Corp. Chairman John Smith stood on a stage in the posh ballroom of the Seoul Hilton Hotel, waiting to announce a long-sought deal to acquire South Korea's bankrupt Daewoo Motor Co. GM, the biggest automaker in the world, planned to celebrate in style: a signing ceremony with 150 guests, a screening of a specially made video called Infinite Possibilities, and a champagne reception for such dignitaries as the U.S. ambassador to Korea. But before the festivities could begin, the doors to the ballroom burst open and in rushed 70 angry members of the Daewoo...
Make that eight. Heise and two partners, all veterans of the tech industry, see a new opportunity in bailing out the European venture capital firms that found their investment portfolios floundering when the Internet bubble burst. Venture capitalism needs their help. As dotcom companies wrote down their assets, went bankrupt or held fire sales, their VC backers found themselves with little to return to their own investors. As many as 80% of Europe's incubators and independent early-stage venture firms are expected to disappear by next year. Jean-Bernard Schmidt, founder of Paris' Sofinnova venture capital firm and chairman...
When Aramburuzabala inherited her father's Grupo Modelo beer empire in 1995, she was raising two children and had little business experience. But she took over two bankrupt subsidiaries and made them profitable within a year. And she helped sell a big stake in Grupo Modelo to Anheuser-Busch. Now the brewer of Corona is in proven hands: Aramburuzabala, 39, is vice chairman, and the company's profits rose 20% during the first half of this year...