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After teaching English to Japanese children and leadership development to employees at GE Capital, Cooke says she found herself ready to return to the academy...
...political contributions or as a result of political influence [NATION, April 21]. I was never contacted by the White House about any of the myriad important companies and individuals whom we prosecuted or investigated. I am immensely proud of our record for such prosecutions as Archer Daniels Midland, Microsoft, GE and literally scores of others. Undoubtedly many of those we prosecuted were well connected politically and gave large campaign contributions, but those connections and possible contributions were irrelevant. We did our job professionally, fairly, evenhandedly and based on our best judgment of the law and the facts in each case...
...richer the household, the less, proportionally, she gets. One such wife, Lorna Wendt, 53, has decided to fight that principle. She returns to court in Stamford, Connecticut, this week, having turned down a $10 million offer from her husband Gary Wendt, 54, the chief executive of General Electric's GE Capital. "I view marriage as a partnership," says Lorna, who contends that Gary has made roughly $100 million (his lawyer claims it's less than half that), "and I was actually quite surprised to find out that my husband does not believe that, nor, possibly, do the courts...
...Competition for down-market customers and the profits they generate is intensifying among big mortgage providers like GE Capital, Norwest Financial, KeyCorp, NationsBank and Chase Manhattan, not to mention heavily advertised smaller outfits like the Money Store (Dial 1-800-LOAN-YES). The total for sub-prime mortgages--a figure that is growing at twice the rate of conventional mortgages--is expected to exceed $120 billion this year. Another blistering market: sub-prime cash for new and used cars. Ford Motor Co.'s Associates Corp.; Mercury Finance, based in Lake Forest, Illinois; Credit Acceptance Corp. of Southfield, Michigan; and other...
...remain profitable, however, lenders want cardholders to pile up big debts. Consumers who pay off their balances each month are known in the industry's distorted parlance as "deadbeats" because they avoid steep interest charges. GE, which offers its Reward cardholders cash rebates worth as much as 2% of their purchases, put the deadbeats on notice last month with its $25 prompt-payment fee. "If there is not a tremendous consumer backlash," says Susswein, "we will see more companies punish cardholders for paying in full...