Word: investors
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Dates: during 1990-1999
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Experts say big firms should speed through Chapter 11 in the same no- nonsense way. Chicago investor Zell would give companies an "absolute deadline" of one year to reorganize or go out of business. "By having little discipline, you create a huge playing field for a lot of ghouls to make a living," he says. "They're all feeding at the trough." For all the richness of his metaphors, Zell has a point. Tight deadlines could curb Chapter 11 abuses by encouraging companies to get out of court quickly and return to the business of surviving in the marketplace without...
...while executives wait in patient condescension and other shareholders fidget. But Cestello, 74, received a loud round of applause, and his motion received 16% of the votes -- an alarming vote of no-confidence in management by the standards of such gatherings. "I was pleased with the outcome," says the investor. "At least I didn't get laughed off the stage...
Neil's brother Jeb teamed up with a business partner to buy a Miami office building in 1985, using $4.5 million from a Fort Lauderdale investor who had borrowed it from a Florida S&L. When that investor defaulted on the loan and the S&L became insolvent, the Federal Government bailed it out and in effect forgave part of the loan. That the Federal Government in the end collected only $505,000 of the $4.5 million from the Bush partnership only furthered the sense that Bush's children enjoy special advantages that others do not -- and then get bailed...
Moreover, while the ruble was nearly worthless at home, it was totally without value abroad. No banker or investor wanted to hold an artificial, or "soft," currency. The ruble was an impediment to foreign trade and contributed to the isolation of the U.S.S.R...
...year-old, college-educated member of the Bloods who got out. He made a great deal of money dealing crack, invested it and now lives very well with his family in a nice neighborhood. He doesn't deal anymore. To most people, Rider appears to be a successful investor. He wears Armani suits, collects classic cars, owns a 40-ft. powerboat. He drives a four-by-four but keeps an Uzi stashed in the back, just in case...