Word: lloyds
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Well-known for what it does -- insuring everything from actress's legs to communications satellites -- 303-year-old Lloyd's of London is less well understood for how it does it. Unlike most insurance companies, which have limited liability, Lloyd's is a society of underwriters or "names" who pool their funds in syndicates. When times are good, the names reap hefty profits. But when times turn foul, these investors are liable down to their last penny for claims against the syndicate. Recent big-time disasters like the explosion of PanAm Flight 103 over Scotland, America's Hurricane Hugo...
...secret to Brown's success is no mystery: the troika of guards Rick Lloyd and Chuck Savage and bruiser Kirk Lowry cleaning the boards...
...Lloyd pumped in 21 against Yale, including a clutch three-point bomb to tie the game at 59, and the winning basket with: 36 to go. Savage averages 13.3 points per game, and Lowry hauls in 6 rebounds a night...
...York City's Solomon R. Guggenheim Museum was in trouble. Money was tight; the museum's famous Frank Lloyd Wright-designed building was falling apart; exhibitions were uninspired; donors were losing interest. Enter Thomas Krens, armed with a degree in nonprofit management from Yale. As the Guggenheim's new director, he offered the board of trustees a stark choice: Preserve funds and run the museum conservatively, or attack. "If you want a vital institution," he said, "change has to take place on so many fronts that it's likely to be bewildering...
...mainly to meet operational expenses. GM's outside directors have become so concerned in recent months that they have begun to meet privately, without the company's officers. They have reportedly put Stempel on notice that his own 16-month tenure, as well as those of GM president Lloyd Ruess and chief financial officer Robert O'Connell, are under close scrutiny. Says a board source: "They are down to a real cash-flow problem now. All the money is out of the mattress...