Word: forbeses
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FIRM ART Last week came reports that two companies, Lake, a Japanese finance firm, and Reader's Digest, have decided to auction off hundreds of millions of dollars' worth of art, like the Modigliani to the right. Half of the Fortune 500 have collections of consequence. Among the largest collectors...
The next day Jordan applied a little of what he calls the "Jordan magic" to close the deal on Lewinsky's job. On that day Lewinsky interviewed in New York City with a top executive of MacAndrews & Forbes Holdings Inc., billionaire Ron Perelman's umbrella company, but the executive decided...
Even in a bull market, individual stocks can tank and leave small shareholders devastated. Recent examples include the staggering 84% decline at small-appliance maker Sunbeam and a 66% drop at franchise operator Cendant, where just last week chairman Walter Forbes resigned under pressure. Both are widely held stocks, and...
Both Silverman and Cendant chairman Walter Forbes, (the former president of CUC) say they saw no hint of the fraud until very recently. Whether I believe them is less important than this: I had a chance to get out after the stock rallied on the first assurances, and I didn...
Sources: the Associated Press, Media Business Group, New York Post, Forbes, Washington Post, Forbes, Associated Press, Forbes