Word: investors
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Dates: during 1990-1999
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...other assets (including radio jock Don Imus), with a total market value of about $19 billion, overwhelm Stern. Still, if my estimate is close, Stern has a hand in 5% of Infinity's $1.9 billion in annual revenue. That may not be "material" legally, but it's information an investor ought to be able to get. By the way, the prospectus neglects to warn of a possible hit on Infinity's outdoor-advertising business stemming from a tobacco settlement limiting billboard cigarette ads. CBS takes the rosy view that new clients will sign up at higher rates than tobacco companies...
DIED. LAWTON CHILES, 68, two-term Governor of Florida known as "Walkin' Lawton" for his campaign style; of an apparent heart attack; in Tallahassee. Chiles also served 18 years in the U.S. Senate and made a fortune as an original investor in Red Lobster restaurants. He was to leave office next month, succeeded by Jeb Bush...
Meyer added that if HMC fails to meet its benchmark this year-"a realistic possibility"-investor compensation would drop "dramatically...
...Jacobson, Harvard's most successful investor for six of the last eight years, HMC will no longer be giving him top dollar. He announced this spring that he was leaving HMC to start his own firm, Highfields Capital...
...retrospect, Merrill Lynch was really Charlie Merrill's bully pulpit, the platform from which he could preach the virtues of the stock market and show the country that the small investor could get a fair shake on Wall Street. "Demystification had been the key to [my father's] great success," James Merrill later wrote in his memoir. "No more mumbo-jumbo from Harvard men in paneled rooms; let the stock market's workings henceforth be intelligible even to the small investor." To that end, the firm published an endless stream of reports, magazines, pamphlets--11 million pieces in 1955 alone...