Word: lloyds
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Dates: during 2000-2009
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Hoping to earn income to help pay for her children's tuition, Dona Evans invested in Lloyd's of London in 1987. The legendary insurance giant was recruiting fresh capital--in fact, Lloyd's was desperate for it--and Evans jumped at the chance to become a Lloyd's Name, as the elite 300-year-old institution calls its investors. In Britain, being a Name was a sure thing; you became economic royalty, even if you weren't one of the many Names who held real titles...
Still, Evans was worried about reports that Lloyd's was facing a rising tide of claims from asbestos-industry workers who were dying of lung diseases--cancer and asbestosis--caused by exposure to the building material. Tut, tut, said a Lloyd's executive who dismissed the risk and explained that while the Names "were of course liable in theory for losses right down to their cufflinks, in practice it never happens because it's all reinsured...
Critics grumble that Lloyd Webber might homogenize the West End by filling it entirely with his type of catchy but bland popular musical or even with his own works, but he scoffs at those ideas as both impractical and commercially suicidal. The theaters will still present a wide mix of plays, he says, in keeping with his broad-ranging multimedia strategy. "With control of these high-quality drama houses, think about his ability to hammer out alliances with young playwrights who can produce good plays that also have film potential," says Stephen Bannon, managing director of the investment bank...
That means profitable opportunities to turn plays--especially the kind of blockbuster musicals Lloyd Webber writes--into movies and also, as Disney's The Lion King demonstrates, to turn highly promoted films into money-spinning plays. Lloyd Webber's new real estate includes the London Palladium and the Theatre Royal Drury Lane, famous large venues ideal for launching plays with transatlantic appeal that could morph into movies or television. Nor is Lloyd Webber's empire building likely to stop here. He and his partners are looking to buy up other major theaters in Europe...
...Quayle watches all the campaign debates, does he wonder how the public perception of him might have differed had he responded with a snappy comeback in 1992 when Lloyd Bentsen said, "You're no John Kennedy...