Word: director
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Moody's bond-rating analyst sharing privileged information that the private-equity firm Blackstone was about to buy Hilton Hotels. A senior vice president at IBM handing over details of Sun Microsystems's financials, which he had access to only because IBM was contemplating buying Sun. A managing director of Intel passing along the company's revenue and profit numbers before they were publicly released and later asking his hedge-fund consort for a job with one of his "powerful friends...
...information in question must be material and non-public. Second, revealing or trading on the information must entail knowingly breaching a duty of "trust or confidence." This can be a fiduciary duty, which an officer of a company would have to a firm's shareholders (perhaps an Intel managing director), or - as the Supreme Court has more recently found - a lower-level employee who has a broader duty to not share, or personally benefit from, his firm's proprietary information (maybe a McKinsey consultant...
...announcement sparked a range of reactions. Calvina Fay, executive director of the Drug Free America Foundation, gave little weight to the announcement, saying that the policy has essentially been in place since early this year. An opponent of medical-marijuana laws, she said the policy may provide "free rein" to prosecutors previously unsure of whether those who used medical-marijuana laws as a smokescreen for trafficking should be prosecuted, which she would support...
...contrast, NORML, the National Organization for the Reform of Marijuana Laws and a leading proponent of legalization, called the move a "major victory" for those seeking drug-law reforms. Tim Lynch, director of the Project on Criminal Justice at the libertarian Cato Institute, says the new policy announcement was a significant step that was "long overdue...
...Monday, the first day of trading after the Rajaratnam arrest. Brokers said the slide was a knee-jerk reaction to the arrest and could be weathered. "Sri Lanka is the flavor of the month and a lot of first-time international investors are coming in," says Murtaza Jafferjee, managing director at JB Securities, referring to the inpouring of investment brought on by the end of the island's decades-long civil war in May. (Read about Sri Lanka's postwar tourism boom...