Word: investors
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Dates: during 2000-2009
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...stock saw their investments wiped out. Bryant's stake dwindled from $39,000 to $4,000. (It's scant solace that WorldCom emerged from bankruptcy under the less tainted name of MCI, now a takeover target likely to fetch upwards of $8 billion from Qwest or Verizon.) WorldCom bond investors had a second reason to cheer when J.P. Morgan Chase agreed last week to pay $2 billion to settle investor claims, joining Citigroup and other Wall Street firms that had underwritten a WorldCom bond issue only about a year before the telecom went bust. With some $6 billion now pledged...
...Lover is still banned in India? This only gives a leg up to the crazy prudes who think that's a good idea." Tehelka boss Tarun Tejpal knows how aggressive journalism can boomerang. After publishing a report on alleged corruption in arms sales under the previous government, his main investor was jailed, advertisers were warned off, and staff so tied up in court cases that Tehelka?which means "sensation" in Hindi?collapsed. Back at the helm of a reborn Tehelka weekly, however, Tejpal thinks that even his experience won't stop India's brash new journalism. "Ethics are changing again...
...Mahal Hotel, a broker waxed rhapsodic to me about a new Swiss-based hedge fund that he's hawking to foreigners. "The upside potential is huge, the downside risk is minimal," he said, explaining cryptically: "There's a strategy which will be key to our success." Foreign investors are now so gung-ho about India that this kind of giddy pitch might just work. Indeed, a director at a Bombay brokerage says he's been startled by his recent encounters with foreign investment firms. Their attitude, he says, is: "'Let's just get invested quickly. It's going to boom...
...prestigious Wharton business school--and it served him well in pulling off one of the most groundbreaking investments ever made in China. In May Newbridge, based in Fort Worth, Texas, agreed to purchase nearly 18% of Shenzhen Development Bank for $160 million, making the fund the first foreign investor to take management control of a Chinese bank. The tortuous negotiations took two long years. "There are few people I know who have the same tenacity," says Newbridge co-chairman Richard Blum...
When Brad Koteshwar, a private investor in Scottsdale, Ariz., decided to sink $6,000 into the stock of a hot local company, stun-gun maker Taser International, in January 2004, he knew it was risky. The stock price had already soared nearly 2000% in 2003, and that kind of phenomenal growth just can't last forever. "We got in a little late," admits Koteshwar, who with his wife Sheila also holds seminars and publishes a newsletter on stock investing. But police departments from Kansas City, Mo., to San Jose, Calif., were placing large orders for Taser's weapons, which emit...