Word: investors
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Dates: during 1990-1999
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...means wiped out. The frugal financier, who invested his monumental income instead of spending it, possesses an intricate web of assets that have been well sheltered from taxes and prying eyes. At the least, Milken is likely to remain a centimillionaire, a famous philanthropist and a formidable investor...
...most explosive example of how far states may go to repel raiders came two weeks ago, when Pennsylvania Governor Robert Casey signed into law the toughest antitakeover statute in the U.S. The sweeping measure requires an investor who holds 20% or more of a company's shares for less than two years to forfeit any profit on shares sold within 18 months of a failed takeover bid. The law would discourage takeover artists from launching a raid to drive up the price of a target company's stock and then selling out at a profit...
...Milken's sentencing is delayed until Oct. 1, in part to allow the court to deliberate on the prison term. But that will not be the end of his legal problems. Milken has already been hit by a dozen class-action civil suits filed by investors who claim they lost money as a result of his wrongdoing. The Securities and Exchange Commission is setting up a fund for investor claims, using $400 million of Milken's fine. When that money runs out, investors will be free to try to collect directly from Milken, a process that is likely...
...Aeneas Group--This group of HMC-affiliated companies oversees much of Harvard's "private placement portfolio." It includes the risky, high-yield holdings of real estate, oil and gas, venture capital--in which a private investor provides funds for start-up or rapidly growing firms--and leveraged buy-outs, in which large amounts of capital are used to oust current management and take control of a targeted company...
...investor's gift takes the form of 24 yearly payments of nearly $200,000. Jaffe said the department has already received its first installment of the gift and is using it to support about 10 visiting Soviet mathematical students and scholars...