Word: investor
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Dates: during 2000-2009
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...year-old son James as chief executive. Critics say BSkyB is a family affair too close to the elder's News Corporation. Murdoch Sr. allowed that there was "a suspicion of possible nepotism" but said he's not leaving. "You have an arrogance ... that is completely appalling," said another investor, who envisioned decisions "being made over breakfast." But BSkyB won all resolutions. James can serve on the board, and a payout to ex-boss Tony Ball passed. The only father/son crack appeared when senior said BSkyB will miss a goal of €575 revenue per customer...
...closer the Dow gets to making a new assault on 10,000, the quicker investors seem to be unlearning all the lessons from the three-year bloodbath that preceded this year's rally. Morgan Stanley market guru Steve Galbraith grumbles that either the generations have become shorter or investor behavior deemed "once in a generation" has managed to repeat itself twice in four years. "Our biggest fear," he cautions, "is that the lunatic fringe is again engaging in behavior eerily reminiscent of the bubble...
...Investor boldness is rising too, a bad sign. Measured by the Chicago Board Options Exchange's Market Volatility Index, otherwise known as the VIX, the investing public is less fearful now than at virtually any other point over the past five years. Recently, the VIX stood at 16, down from 50 when the rally began in October 2002. The last time investors were this fearless was in August 2000. And margin loans--the OxyContin of day-trading junkies--are up 16% this year...
...said, "Forced labor was not used on the pipeline, and there is no question about that. It was not." The company did acknowledge several years ago that abuses by the military may have been committed in preparation for building the pipeline. Even so, the spokesman argued, as a "passive" investor-Unocal has a 28% stake in Total's pipeline-the company is not responsible for what soldiers may have done. He asked, "If Unocal invested in Los Angeles, would it be responsible for the actions of the L.A. police department?" It will be up to the court to decide...
Zuckerberg, a real estate investor who graduated from the Harvard Business School in 1990, described the addition as “entirely lacking in charm and character...