Word: dewitte
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...That would be George Grune, 68, who because of an unusual stock arrangement holds sway over enough voting shares to remove every Reader's Digest director. Grune's power source is his role as chairman of two charitable funds established by the company's childless founders, DeWitt and Lila Wallace, who died in 1981 and 1984, respectively. The funds hold 71% of the company's class-B voting shares; fund directors currently occupy three of the eight board seats. Grune also oversees seven foundations that, along with another, smaller, fund, now own 25 million shares (30%) of the company...
...Philip Elmer-DeWitt...
...Philip Elmer-DeWitt...
PHILIP ELMER-DEWITT, TIME's science editor, knows firsthand how quickly technology can race ahead of those who think or write about it. While putting together the package of stories for this week's special report on the first cloning of an adult mammal, he was reminded that just four years ago, in another TIME cover story--one he wrote--we said the possibility of replicating an animal from the dna of fully developed cells is "far beyond the reach of today's science." The next technological step, he notes, might not be too far off. "Suddenly the possibility...
...settling all of the suits brought by 21 states to recover Medicaid costs associated with smoking. But both the companies and the states deny that they are anywhere close to a comprehensive settlement. "There have been discussions about settlements with individual companies, most notably the Liggett Group," said Chris DeWitt, a spokesman for the Michigan attorney general's office. "But I have no information that there is any talk yet about a global settlement." Bloomberg News, quoting sources involved in the negotiations, had reported that the companies were attempting to settle the suits for as much as $250 billion...