Word: baron
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Dates: during 1990-1999
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...state-owned airline, was sold for $140 million to a consortium including Mexico's Group Xabre conglomerate and the Chase Manhattan Bank. Next to hit the auction block was Cananea, one of the largest copper mines in the western hemisphere, sold last summer for $475 million to Mexican copper baron Jorge Larrea...
...trust, which handles Bush's holdings from his days as a Texas oil baron, reported a capital gains loss of $11,822 in 1990, of which $3000 was claimed as a tax deduction...
...traffickers. "At one point," he says, "I actually presided over a conference, with people at all levels of the business explaining to me how it works." Gaining their confidence was not easy. Beaty, who once went through 10 days of screening before being allowed to meet with Bolivian coca baron Roberto Suarez Gomez, knows the first rule: "You have to promise you won't write anything that reveals their identities to the police -- or their competitors...
...trimming of the market, and how first-rate things would continue to get first-rate prices. (That an exceptional painting could still make an exceptional price was in fact confirmed earlier this month at Sotheby's in London when a great Constable landscape, The Lock, 1824, was bought by Baron Thyssen for $21.1 million.) Michael Findlay, head of Christie's Impressionist and modern art sales, called the market a "roller coaster" -- inexactly, since roller coasters go up and down but always finish at the level where they started. The next big sales, in the spring, may or may not bring...
Harry Weinberg was a pugnacious businessman who probably had his share of enemies when he was alive. But the real estate baron made a final gesture that will win him friends for years to come. Weinberg, who died last week at 82, willed nearly $1 billion to a family trust to help the poor. The sum represents his entire estate, except for $3 million he left his grandchildren. The trust will distribute up to $45 million a year to the needy as Weinberg dictated: one-quarter to Jewish charities, one-quarter to non-Jewish groups and the rest to organizations...