Word: forgot
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...started at AT&T promising to make Ma Bell into a one-stop-shop for local, long-distance and high-speed Internet services - which spawned his acquisitions of cable guys Tele-Communications Inc. and MediaOne (the latter in an 11th-hour, Comcast-topping bid that president Brian Roberts never forgot) for a total $90 billion a few years back...
...others, the real Erin Brockovich, the legal eagle whose fight for justice had inspired the movie that brought the star to the podium. Not even the desperate time signals from orchestra conductor Bill Conti could slow her down. "I was having an existential moment," she explains, months later. "I forgot people and I feel bad. But I don't wish I had written anything down. You can't go back in time, you can't fix it, you can't change it. I did write Bill Conti a little note thanking him for his patience. But I don't believe...
...Brokers forgot the rules," says lawyer Darren Blum, who won a $98,000 award last year after arguing that a broker failed to make suitable recommendations based on his client's assets and investment experience. The client, a 73-year-old bookkeeper in Hollywood, Fla., agreed to put nearly $200,000--or roughly 80% of his liquid net worth--into a stock he'd never heard of, Sigma Design. "I was buying like crazy on margin," says the bamboozled bookkeeper. "And I got wiped...
...course, investors forgot the rules too. (Diversification, remember?) So don't count on being bailed out by NASD arbitrators, who ruled against 47% of investors last year. "You never know what's going to happen in arbitration," says Deborah Bortner, Washington State's chief securities regulator. "It's a total crapshoot." Claims involving more than $25,000 are decided by three-member panels that can be swayed by the expert testimony of compliance officers or "forensic" stockbrokers...
...eagerly awaited British election finally kicked off last week. Yes, we had one already earlier this month, a real barnburner: it so absorbed the public that 40% of Britons forgot to vote. Good thing it was only a warmup act. The main event will unfold over the next few weeks, as the Conservative Party selects a new leader to replace the hapless William Hague. It should make for great entertainment. The frontrunner, Michael Portillo, has shed his reputation as a right-wing rabble-rouser to become the soothing, centrist voice of Tory moderation. "Our party has to appeal...