Word: cit
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...CARCASSONNE: Latter-day élites can see just how merry life might have been for them in the Middle Ages by booking the medieval banquet at the Hôtel de la Cité, tel: (33-4) 6871 9871. Located within the southern French town's ancient citadel, the hotel is a splendid venue for you and 25 of your favored henchmen to feast on the likes of suckling pig, while jugglers, fire eaters, sword-playing duelers and other menials perform for your amusement. Afterward, sleep off the wassailing in the Villa, a discreet building that is the hotel...
...much time. "We needed to find a lender with a lot to gain," she explains. "That meant either a high-risk lender at 16% to 17% or a lender who would get more than interest." By the end of March she had finalized a short-term factoring deal with CIT, agreeing to pay 200 basis points above prime and 0.75% of Barry's receivables...
...Lehman managed the company through mid-2006, its condition was gradually upgraded. In June 2004 it was kicked off the New York Stock Exchange, but it broke even on an operating basis and began 2005 with zero debt, having paid off the loan from CIT. By December, the company's stock was listed on the American Stock Exchange. Using exclusively Chinese manufacturing, Barry raised profit margins and completed the turnaround without losing core customers--most important, Wal-Mart. In 2005, the company made $8 million. By the time Von Lehman left in May 2006, the stock was trading...
...15p.m. CIT (Czar-in-Training) Haan catches up with Corker by the pool tables towards the back of Loker Commons. The two briefly discuss the success of Pub Night and potential changes that might draw an even larger crowd to future events. Haan runs some of his own ideas for next year by Corker, and they decide to meet up next week for a meeting to ensure a smooth transition along the “fun czar” dynasty...
BOARD INDEPENDENCE [A little fishy] Several board members used to work for Tyco or companies it acquired. An outside director was paid $10 million last year for helping arrange Tyco's $10 billion purchase of CIT Group...