Word: bankrupting
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Federal Home Loan Bank Board, with Arizona insurance executive James Fail. In 1988 Wall allowed Fail to acquire 15 insolvent Texas S&Ls in exchange for $1,000 in cash and $70 million in borrowed money, and threw in $1.85 billion to cover the liabilities of the bankrupt thrifts. Fail in 1976 had been indicted for securities fraud in Alabama. Though the charge against Fail was dropped, a company he controlled pleaded guilty to fraud. According to federal regulations, that should have disqualified Fail...
...former senior V.P. at Denver's bankrupt Silverado S&L, he was hired to handle asset marketing for the local office of the agency formed to deal with the mess. Later, red-faced officials tried to fire him but were stymied by federal rules. So he sits at home on leave, collecting his full salary...
...Massachusetts Committee Against Discrimination (MCAD) is also a contender for the grant money. MCAD was recognized for actively searching out cases of racism, rather than simply responding to complaints. Other finalists, Zegans said, include an Iowa program that helps bankrupt farmers and a Florida operation that mines aging landfills for recyclable materials...
...defendant: former billionaire Adnan Khashoggi. The now bankrupt Saudi Arabian arms dealer stands accused of conspiring with the Marcoses to conceal their illicit spending by backdating documents to make it appear that he, not the Marcoses, had bought four Manhattan skyscrapers valued at about $400 million. Actress Bo Derek played a cameo role, visiting her friend Khashoggi in the courtroom...
...down-home whimsy about itself, the company deflatingly titled its corporate history ConAgra Who? Chairman Charles ("Mike") Harper, 62, intends to keep things that way. "We are so simple, we're dull," he contends. Such modesty can be misleading. When Harper arrived in 1974, ConAgra was a nearly bankrupt company involved mainly in grain milling and commodities trading. He embarked on an expansion plan to place ConAgra at every step along "the food chain," as Harper likes to call it, from seed planting to retail sales...