Word: junked
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...want to make it to the finish line without becoming a sick d-bag en route, lay your right hand on John Harvard’s sculpted junk and swear your allegiance to these commandments. If you are suspicious about taking our advice (fair point), consider the following: freshman year we were riding Mongoose BMX bikes through the Yard. Now we ride in a Ford Escape...
...them. The son of a Minneapolis junkman, Jacobs learned to spot value early in life, and by the 1980s he was plying that trade on Wall Street as a corporate raider, even making a run at Walt Disney. In 1992 he made a different play, buying most of the junk bonds of yacht builder Carver, which had used the high-priced debt to gobble up a portfolio of boat brands and got into deep trouble when recession hit. When Carver's owners called Jacobs to negotiate with their new partner, he told them, I don't think you understand...
...latest adventures, Icahn owes a big assist to the $1 trillion hedge-fund industry, to which he is closely allied and which gives him financial heft he hasn't enjoyed since being backed by Michael Milken's junk bonds 20 years ago. And in the post-scandal age, yesterday's raider is today's shareholder activist. Icahn is playing that role to the hilt, lashing out at executive mismanagement and excess. In his view, corporate America is plagued by CEOs and boards compromised by cozy friendships and financial relationships--to the detriment of tough decision making and healthy share prices...
...past," says Jaben Broach, owner of CollecTons, an eBay drop-off shop in Boulder, Colo. "And often letters, diaries or ledgers reveal a time and place much better than any history book." Professional auctioneer G.G. (Gwen Glass) Carbone, author of How to Make a Fortune with Other People's Junk, sold four Civil War diaries--not written by anyone famous--for $3,500. "The family that owned the diaries had no idea they were so valuable," she says...
...unless you’re part of the hopefully embarrassed Scherzinger family or are sent the album through a junk-of-the-month club like Columbia House, you should never have to hear it. If you want to see those liner notes, though, just let me know...