Word: lavishing
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...timing and that of Winnick and Cook, who together sold Global Crossing stock worth about $750 million over the past 3 1/2 years. The co-chairmen are very different. Cook is a graceful blueblood; Winnick is a colorful native of New York's Long Island who is as lavish with his friends as he is with politicians. Two years ago, after downing hot dogs, hamburgers and french fries at a Beverly Hills deli, Winnick took his lunch partners--Cook and ex-Global CEO Tom Casey--to a foreign-car dealership, sources tell TIME. In roughly 30 minutes he bought...
...steel plants abroad. In November 2000, USX-U.S. Steel purchased a financially troubled mill in the Slovak Republic and committed itself to a 10-year, $700 million capital-improvement plan. The Slovak company had squandered millions on dubious investments, including a travel agency, a soccer team and lavish holiday homes for executives. But the plant was relatively modern, with 100% continuous casting and three blast furnaces. U.S. Steel stamped out corrupt purchasing practices and shifted production to more profitable products. Result: while USX-U.S. Steel's American business recorded a $177 million operating loss for the fourth quarter...
...tired of The Crimson’s endless moralizing and trite commentary regarding Suzanne Pomey and Randy Gomes, two fellow students I had never heard of until these pages broke the story of the sinful origins of their “lavish lifestyle” (is that what we consider drug addiction to be?). Now your columnists can’t seem to get enough of the humiliation in store for them and have jumped on this opportunity to grind axes against the people who seek attention, dress expensively and don’t acknowledge them in the halls. Grand...
...money appears to have gone to fund drug purchases, pay off drug dealers, and supporting a “lavish lifestyle,” the court records allege...
...gritted teeth for the past week - Washington, for once, may come out of this mess smelling better than the men who wrote the checks. How "tainted" the recipients of Enron's political largesse feel is up to them. But there may be a lesson in how, apparently, Enron's lavish investment in campaign finance seems to have run up against the limits of its return...