Word: dresser
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...sued by Halliburton shareholders and the conservative activist group Judicial Watch. The allegation: that Halliburton, while Cheney was CEO, greased the books to boost the firm's flagging fortunes. Its decline was due in part to Cheney's signature strategic move-Halliburton's merger with Dresser Industries in 1998, when Dresser was about to be buried under asbestos-contamination lawsuits. Halliburton remains burdened with the liability of more than 200,000 suits and as of last year was on the hook for $125 million in settlements. Its stock has fallen from nearly $60 to about $13.50, imperiling the retirement savings...
...living quarters, are available to any layperson who desires to spend up to a week living a life of quiet reflection. The walls of each room are bare except for a cross and an icon. There is a reading desk, chair, neatly made twin bed and plain wooden dresser in each room. Almquist explains that the guests live here in complete silence. They take their meals with the monks in the refectory, eating their mostly vegetarian meals three times a day (silently). “During the midday and evening meals, there is usually a brother who reads from...
...cordon of courtiers - the famous, the has-beens and wannabe's - and their representatives, the press agents, fighting to catch the columnist's attention and get an item (a joke, a movie deal, a simple "was glimpsed confabbing with...") in his daily mix of gossip. Like a duke's dresser in the court of the Sun King, a press agent sees his client at his worst and must present him at his best. The trick was to paint a heroic portrait, of a person with plenty to hide, and sell it to a columnist who'll sell...
...corporate carnage is beginning to take some particularly odd twists. Consider oil-field-services company Halliburton. Its Dresser Industries subsidiary, which was acquired in 1998, may still face 200,000 lawsuits from a unit, Harbison-Walker, that was spun off in 1992 and that declared bankruptcy on Feb. 14. Then there is Viacom, which, via its purchase of cbs in 2000, inherited Westinghouse Electric's 130,000 lawsuits. When Dow Chemical bought Union Carbide last year, its executives were well aware that they would be inheriting litigation--but didn't expect liability concerns to push its stock down...
...trying to get away from the stodgy Harvard image for years (previous award winners include product wiz Phillipe Starck and conceptual artist and theatre designer extraordinaire Robert Wilson). Mays is a guy whose world is actively about more than cars. Call him the auto industry equivalent of a cross-dresser, because he's a serious advocate of good fashion, product design and architecture, and doesn't mind dissing his own industry's shortcomings. The approach has begun to draw a following that, likewise, extends beyond the auto industry into the design world generally. The Harvard award effectively validates that...