Word: heir
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RING AROUND THE MONEY. What country will replace Panama as the world's leading drug-money Laundromat? U.S. law-enforcement agencies are wondering, and so, evidently, are the cocaine cartels. Uruguay, with its stringent bank-secrecy laws, would seem a natural heir. But after Uruguayan officials extradited an accused money launderer and assured the U.S. of further cooperation, cartel financiers began scurrying for alternatives. Among the prospects being watched by investigators: Vanuatu, a Pacific island republic formerly known as the New Hebrides; the Cook Islands, a protectorate of New Zealand; and the island group of Palau, which is about...
...theory, Castro sees himself as the Last Communist. A short time ago, his brother and presumed heir Raul told a Moscow audience that before abandoning Marxism-Leninism, the Castros will see their nation at the bottom of the Atlantic. According to a Gorbachev adviser, no one thought Raul was joking...
...wanted only the TV network, while Cerullo was willing to offer a total of $52 million for all of Bakker's former empire. There were five other eleventh-hour bidders, including a secular TV-ad broker who offered $8.35 million for the cable operation. But Cerullo is the rightful heir, his lawyer pleaded, because "the men and women who created that partnership were Christians." A court hearing on the non-TV transaction will be held next month...
...decade since S.I.'s death, the empire has grown to a value of around $11 billion -- a family fortune that may be second only to the Mars candy clan in the U.S. At the newspapers and cable-TV holdings run by Newhouse's son and co-heir Donald, the same unobtrusive style still prevails. And while Hearsts, Knights, Ridders, Chandlers and other media dynasts have mostly dropped out of day-to-day management of their inheritances, about two dozen Newhouses work at properties ranging from the Newark Star-Ledger (circ. 470,000) and the Cleveland Plain Dealer (circ...
Managing this traditionally mediocre club is bad enough; having coach and heir-apparent Phil Niekro looking over your shoulder is worse...