Word: felix
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...last May, when Miami officers seized 850 lbs. of "nose candy" in a raid on a lobster boat. Trouble was, the raiding party had been informed the load would be 1,000 lbs. The trail of the missing 150 lbs. of coke, worth $2 million, led to former Officers Felix Beruvides and Armando Lopez, who had recently been fired from the force when they refused to take mandatory urinalysis tests that would have indicated whether they were drug users. Police sources said the two rogue cops had boarded the boat before the raid and made off with several duffel bags...
...story on merger madness [ECONOMY & BUSINESS, Dec. 23]. There is nothing inherently wrong with mergers. Our corporation has often taken a stroll down acquisition avenue. But when we take over a company, we do it because we want to run it. People who issue junk bonds are different, as Felix Rohatyn points out. They are not interested in companies as institutions, but want to break up the business they are after. Takeovers using junk bonds rob stockholders of the value of their investment, throw employees out of work and make the American economy less competitive with the rest...
...ruling was mixed. Drexel Burnham Lambert, the investment firm that first used junk bonds, called the decision "unwise and unwarranted." Drexel points out that of the $18 billion worth of junk bonds issued last year, less than 20% was used in takeovers. One supporter of the Federal Reserve was Felix Rohatyn, a partner of Lazard Freres, an investment banking house, who has been a critic of the use of junk bonds in hostile takeovers. Said he: "This was a sound step to curb the most extreme uses of junk bonds...
MEET GREG HANSSEN, A PARTNER IN A SMALL BATTERY-prototype testing firm in California called EnergyCS. Hanssen was approached last year by Felix Kramer for help in building a dashboard monitor for a Prius that he and CalCars, his group of plug-in advocates, had converted into a crude plug-in. (The original Prius' batteries charge up when the car brakes.) Hanssen was inspired. He enlisted the support of another privately held firm, Clean-Tech, to devise a more sophisticated version of the plug-in Prius. Hanssen recently showed off his prototype at the 2005 Tour de Sol, a green...
...Giverny. Senn, an opinionated and eclectic collector, appears to have bought Boudin's work because he liked it, not just to support homegrown talent. He didn't seem to care for other artists with local connections like Dufy or Georges Braque. Occasionally, Senn fell for something avant garde, like Felix Vallotton's 1898 The Waltz. And who wouldn't? Sinuous couples skate at Paris' Palais de Glace, while artificial light bouncing off the ice creates the effect of fairy dust across the canvas. Not a huge fan of the Pointillists, Senn nevertheless acquired a glistening Beach of the Vignasse...