Word: ceos
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Dates: during 1990-1999
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Next comes the settlement stage and the big payout and the nolo plea, along with the letter to shareholders that often winds up in the papers as a full- page ad. The letter writer, usually the CEO, refers to "problems" and "mistakes" and emphasizes that these mistakes were in the past and entirely the work of rogue individuals. The company announces concrete steps to ensure that whatever they haven't admitted to doing will never happen again...
...Certain limited partnerships," wrote Wick Simmons, the CEO at Prudential Securities, "were sold by our firm to some clients that lacked adequate information or were not suitable for their investment needs. That was wrong...
...largest distributor of sports and entertainment tickets in the U.S. (1993 volume: 52 million tickets). Pearl Jam claims that Ticketmaster has a near monopoly over tickets and charges inflated service fees, which can range from a typical $4 a ticket to $18 for the hottest acts. Fred Rosen, ceo of Ticketmaster, indignantly rejects thecharge, noting that his firm developed a sophisticated computer system to make it easy for performers to sell large numbers of tickets, and has a right to be paid for the service. Says he: "If Pearl Jam wants to play for free, we'll be happy...
TIME (ISSN 0040-781X) is published weekly except for two issues combined into one at year-end for $61.88 per year by Time Inc. Principal Office: Time & Life Building, Rockefeller Center, New York, N.Y., 10020-1393. Reginald K. Brack Jr., Chairman, CEO; Don Logan, President; Joseph A. Ripp, Treasurer; Harry M. Johnston, Secretary. Second-class postage paid at New York, New York, and at additional mailing offices. 1994 Time Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited. TIME and the Red Border Design are protected through trademark registration in the United States...
CHAIRMAN, CEO: Reginald K. Brack...