Word: bennette
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...putting profit ahead of common decency,'' Dole said, then raised the heat considerably by singling out one company, Time Warner, the media giant that includes the largest American music operation, the Warner film studio and a stable of magazines, including Time. One day after Dole's speech, William Bennett, the former Education Secretary and drug czar, sent letters to Time Warner board members asking the company to stop distributing rap with objectionable lyrics...
According to The Crimson, University officials--including George F. Bennett '33, treasurer of the University, and Albert L. Nickerson '33, a member of the Harvard Corporation, the University's highest governing board--escorted Graham off the stage and met with her privately to hear her demands...
...that point, Meyer called Bennett directly. "He seemed bewildered and flustered," says Meyer. "He wasn't a smooth talker. There was an 'aw, shucks' atmosphere to it all. At the end of our conversation, when I put down the phone, I actually liked the guy." But when New Era tried to pressure the college into silencing Meyer, the professor sent letters detailing his suspicions to the Securities and Exchange Commission, the irs, the U.S. Attorney General's office and finally the Wall Street Journal...
...across one troubling aspect: those funds were used as collateral for a $52 million loan. After New Era's lawyers balked at providing foundation records, Prudential called in the loan, and the dominoes began to fall. Last week New Era filed for bankruptcy protection, the state attorney general accused Bennett of fraud, and the SEC charged that he diverted $4.2 million into two firms he controlled personally. In a letter sent last Friday to his contributors, Bennett wrote, "Those of you who know us, know we would never have done anything other than enable you to grow and flourish...
...Bennett's secret was that he was able to marry two powerful but seemingly contradictory human instincts: greed and charity. Those who threw in with New Era were so anxious to give, and to get, that they overlooked the obvious. But then greed and charity have met before. Charles Ponzi's biggest extravagance was a $100,000 donation he made to an orphanage...