Word: knapps
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...Charles Knapp, chairman of California's huge Financial Corporation of America (assets: $32.7 billion), was sporting a new tan from a sailing vacation in the Caribbean last week, but what he had to say at a hastily called Los Angeles press conference contrasted sharply with his relaxed appearance. Under pressure from the Securities and Exchange Commission, Knapp explained, F.C.A. was adjusting its earnings report to show a second-quarter loss of $107.5 million instead of the $31.1 million profit announced earlier. The dispute with the SEC was a technical argument concerning the manner in which the company reported sales...
...eliminate the wild disparity in sentencing that resulted from the broad discretion given to both judges and parole officials, and to make sentences shorter. Conservatives wanted to guarantee that more offenders went to prison and stayed there. Both groups had abandoned rehabilitation as a purpose of incarceration. Says Kay Knapp, director of the Minnesota Sentencing Guidelines Commission: "When you move to a system whose premise is retribution, just deserts, that old kind of system starts looking less attractive...
Determined to overcome a lifelong fear of flying, Brooke Knapp spent 60 hours in 1978 preparing for her first solo flight out of Santa Monica. "I was crying so hard, I couldn't even see the mountains near by," she recalls. "But I've loved flying ever since." Last week Knapp, who now heads her own charter-plane company in Los Angeles, circled the globe in 45 hr. 32 min. 53 sec., setting a new record for all classes of civilian aircraft. The 23,340-mile trip in a Gulfstream III, which began and ended in Washington, included...
...standards, they are inexpensive. The air is foul, the water sparkling, the meals cheap, the service considerate. Along with the shiny gold pins that are always the most valued currency at the Olympics, people have been exchanging stories of local kindnesses. "When our flight connected in Zagreb," says Sandra Knapp of Indianapolis, "eight of us with the U.S.O.C. went to change money, and the banker made us all come to his office for cheese and brandy. The men are so gracious. I'll tell you what, women's lib hasn't hit here. I've never...
...barge companies try to rotate personnel every 30 days, but some men have been afloat since the vessels got stuck. Money is one reason: Scott Knapp, engineer of the Ann Blessey, makes $110 a day to run the tow's engines for an hour. Wills' $210 a day comes painlessly as well: he spends about two hours monitoring the radio and "wheel-washing"-wagging the boat's tail to keep the craft from becoming frozen in place like the barges...