Word: lieb
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Dates: during 2000-2009
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Douglas E. Lieb ’07 says his job checking delegates’ credentials was a disappointment...
...Bondholders get paid first in bankruptcy. (Fully taxable preferred ranks ahead of traditional preferred and common stock.) More irksome: should your dividends be deferred, you must pay tax as though the dividends were paid in full. It doesn't happen often. "Companies do everything to avoid it," says Mark Lieb, founder of Spectrum Asset Management, a Stamford, Conn., firm that specializes in fully taxable preferreds...
...happened last year with Southern California Edison. To guard against owing tax on phantom gains, investors should hold fully taxable preferreds in an IRA or other tax-deferred account. And because taxes paid on phantom gains can never be fully recovered if the company fails, Lieb says he invests only in high-quality companies...
...yeah! As far as work is concerned--well, of course. I equate that with life. Freud speaks of the two prime impulses of man: lieb and arbeit. Love and work. Work is part of what you do. It may take any form; it may be gardening, it may be anything. But without that...