Word: corps
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...venture as two men trying to step out from the shadows of their fathers. On Boxing Day 2005, the brilliant, belligerent Kerry Packer died, giving James control of Publishing and Broadcasting Ltd., the multibillion-dollar family empire. Five months earlier, Lachlan had abruptly quit as News Corp.'s third highest-ranking executive in New York City, convinced he was being overruled by underlings. According to a source, he complained to his father, News Corp. chairman Rupert Murdoch: "What's the point of me being here?" The young Murdoch and his wife, Sarah, returned to Sydney, and while a 2-year...
...Consumer Commission will decide by early April whether to block the deal on the grounds that it would substantially reduce competition in the Australian media market. Among the issues is whether the young Murdoch is acting alone through his private investment company, Illyria, or in part for News Corp., of which he remains a nonexecutive director. Having done the sums on Murdoch's estimated $1 billion equity contribution to the bid, business author Neil Chenoweth says, "For Lachlan to be doing what he's doing, family money has to be involved." Then again, Chenoweth concedes that it's unclear...
...starting his best-known group, the Jeff Healey Band. The blues-rock trio, who got a boost from their role in the Patrick Swayze film Road House, made it big with the achy, affecting 1989 hit Angel Eyes. On the side, Healey played jazz and deejayed a Canadian Broadcasting Corp. radio show drawing on his collection of 25,000 old 78-r.p.m. jazz records. Healey, who battled cancer all his life...
...From 1999 to 2006, he served as the vice chairman of the Board of Governors of the U.S. Federal Reserve System. Following his time in government, Ferguson, who also holds both a law degree and a Ph.D. in economics from Harvard, became the chairman of Swiss Re American Holding Corp., a leading reinsurance company. The University also announced that Pauline Yu ’71, president of the American Council of Learned Studies and former dean of the humanities at the University of California, Los Angeles, would succeed Lee as the vice chair of the board’s executive...
...aluminum, coal, steel and energy. Its stock price has more than doubled in the past year, to nearly $33, and the company's market value is about $160 billion, 16 times what it was in 1997. Douglas B. Silver, an industry veteran and CEO of Colorado-based International Royalty Corp., calls Vale "the most effective giant mining company in the world," not just for its size but also for its skill at operating in difficult emerging markets. Along the way, Vale has built what could be a model for other formerly state-run enterprises hoping to make a mark...