Word: class-a
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...broker tries to persuade you to buy class-B mutual-fund shares instead of class A, make sure it's in your best interest, not just his. The sec is investigating whether certain brokers favor B shares because of fatter commissions. Even though B shares bear no up-front sales charge, they normally carry high early-redemption and annual fees and generate lower long-term returns than class-A shares...
Tierney is part of a Greek chorus of money managers who assert, as loudly as they can, that the company's corporate-governance system is totally compromised by the cross directorships with the foundations. "We as class-A [nonvoting] shareholders are impotent to effect any kind of change," complains Jonathan Lewis, an analyst at Franklin Mutual Advisors, which is headed by the feared raider Michael Price. The outfit, which has made runs at Dow Jones & Co., Chase Manhattan Corp. and Sunbeam Corp., wants Grune gone. Says Lewis: "Grune is an ineffective manager, and I think the board of directors should...
...nothing has galvanized today's antismoking activists as much as the / Environmental Protection Agency report released a year ago that classified environmental tobacco smoke as a class-A carcinogen and estimated that 3,000 nonsmokers die each year from lung cancer as a result of other people's smoke. The tobacco industry is currently challenging the findings in court, but the report dealt a serious blow to so-called smokers' rights that's still being felt...
Playing for the Class-A Greensboro Hornets, Delvecchio is first among Yankee minor league players in homers (seven) and RBIs (21) and second in batting average (.373) through his first 22 games...
...dental hygienist marries her boss, who turns out to be a class-A sleazeball. He beats her nearly to death on their honeymoon, finishes the job a few years later, then battles the woman's sister for custody of the couple's infant...