Word: grasso
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...around 1888, and the firm still produces a glorious version. But it took two winemaking brothers from Long Island, N.Y., John and Harry Mariani, to raise the wine to fame. In the late 1970s, the Marianis bought a medieval castle in the Montalcino area, Castello Banfi, started growing Sangiovese Grasso grapes on some of the surrounding 7,100 acres and began making their own Brunello. Thanks to their efforts, the quality and reputation of the local wine whooshed upward. Brunello became one of the top Italian wines, and Americans and Italians took notice...
...Carter will also face a number of challenges as chairman. His appointment comes at a time when the NYSE is still recovering from a financial scandal that rocked the exchange nearly 18 months ago. After receiving intense criticism concerning a $140 million retirement package, former NYSE chairman Richard Grasso yielded to mounting pressures and resigned in September...
...idea of how different things are at the New York Stock Exchange these days, peek inside the office of CEO John Thain, the M.I.T. grad and former president of Goldman Sachs who had to be talked into taking the job after former CEO and chairman Richard Grasso's bitter departure amid an excessive-pay flap and charges of board cronyism. Grasso, a passionate stock-exchange lifer, famously littered his office with several hundred treasured mementos from the companies whose shares are traded at the exchange. The more clinical Thain, 49, displays mainly his own collection of modern...
...dramatic change. When he went after the mutual-fund industry for late- trading violations, he used the opportunity to force funds to lower their fees, which critics decried as overreaching but investor-rights advocates praised. He's now locked in a legal battle with former N.Y.S.E. chief Richard Grasso, trying to force him to return millions of dollars in compensation...
...those in Italy. This past spring, Grande Fratello achieved its highest viewership since its sensational first edition in 2000, with a weekly share of 34% over three months, and more than 11 million viewers (in a country of 58 million) tuning in for May's final episode. Aldo Grasso, a professor of mass media at Milan's Catholic University and the TV critic for Corriere della Sera, says Italy has been watching this show for centuries: "Italians can talk about nothing for hours. Our theatrical tradition is rather modest because the real theater is in the streets, in the shops...