Word: chunking
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...published writer of cheesy love songs, Bronfman made a big bet on the music business in 1998, shelling out $10.4 billion to buy Polygram. Unfortunately, with digital piracy starting to take a chunk out of CD sales, his timing isn't looking great. "I wouldn't leave him with a kindergarten class. I think he has shown a lack of ability to manage anything," says Michael Palmer, president of Toronto-based Veritas Investment Research...
...full of company stock, socking employees with greatly diminished savings just when they are likely to need them the most. Says John Alexander, 31, a former WorldCom benefits manager: "Everything they ever told us was, 'We're making money hand over fist.'" Alexander lost $180,000, a large chunk of his life's savings...
Since she is in charge, we have a nine-pound chunk of buffalo hump, which Lewis and Clark considered the best part of the animal. This is because it's the fattiest part. Lewis and Clark loved the fat. "The general rule on the hunt was, the fattier the better. They were on the original Atkins diet," Leandra says. With that, she dips three fingers into a container of freshly rendered pig fat and licks them. There must be cultures where this is a mating ritual...
...Taufik Kiemas. That much a senior executive from Indonesia's largest foreign investor, U.S. mining giant Freeport McMoRan, knew when he accompanied President Megawati Sukarnoputri's controversial husband to the company's mine site last September. Freeport officials were aware that Taufik had been asking about a chunk of shares in the company's Indonesian operations previously held by Mohamad ("Bob") Hasan, a confidant of former President Suharto. Indeed, the issue of the shares came up soon after the Freeport executive boarded the presidential C-130 aircraft carrying Taufik and a 40-member entourage. With Hasan serving a lengthy jail...
...story of how Taufik sought to keep a chunk of Freeport shares under Indonesian ownership?which he himself confirms?is one example of what is today Jakarta's hottest topic: the increasingly dominant role the President's husband is exercising at the most senior levels of government and business. This isn't another case of your regular, pushy presidential spouse playing gatekeeper, but of a consummate networker aggressively meddling in matters with national ramifications. To many Indonesians, the flamboyant 58-year-old Taufik is now simply the most powerful man in the country. "If Megawati is Number One and Vice...