Word: expression
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Dates: during 2000-2009
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...stock offering was a spectacular success and an unlikely one. Last week American Express, the $12.9 billion (1984 sales) financial-services conglomerate, sold to the public 54% of Fireman's Fund, its property-and-casualty-insurance subsidiary. Investors snapped up 35.2 million shares for a total of more than $900 million. It represented the country's largest initial public offering ever...
...American Express was hardly selling off one of its crown jewels. In the past 2½ years, Fireman's had underwriting losses of $1.8 billion. William McCormick, formerly a top American Express executive, has been Fireman's president since December 1983. Last June the subsidiary was put up for sale, but no corporation wanted to buy it. "They couldn't sell it to anyone else, so they sold it to the public," explains one analyst...
...were investors so eager to buy? The fund earned $20 million for the three months ending Sept. 30. American Express also helped its own cause. When it came to selling the Fireman's stock, its Shearson Lehman Bros. division turned into a high-powered marketing machine. CORPORATIONS "It's Just That Awful Word...
...upbringing, but although he has no church affiliation, religion is serious and real to him. As his friend Roy Blount says, "He's been off to college, gotten divorced, learned to drink. But he hasn't severed his roots." Keillor likes the old hymns, he says, because "they express faith, which I lean towards as the basis of the good life...
...didn't do this for the pleasure of having him crack," Lanzmann told L'Express. His mission, as he saw it, was to lead each subject "toward the moment of truth." Whatever his journalistic ethics, Lanzmann proved himself an indefatigable guide on that journey. By the end of Shoah, the viewer is grateful to have made the forced march with him, for the film's achievement is to show there are stories worth hearing, and ravaged, resilient faces that reward our scrutiny. The horror, the gallows humor, the shame and the heroism, the lessons of this holocaust--and all others...