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...Here, in a nutshell, is the source of the current disagreement. Back in 2005, Greenberg was the head of both AIG and Starr International, a private insurance company whose main asset was nearly 300 million shares of AIG. For years, Starr had used that stock to dole out retention bonuses to AIG executives. When AIG booted Greenberg, he seized control of Starr and its AIG shares. Greenberg says Starr is a separate company that was set up to use its shares to benefit a charitable trust, and insists it can do what it wants with the shares. AIG says Starr...
...Tehran ELECTION SHOWDOWN With Iran's presidential election quickly approaching, competition among the four main contenders is heating up. President Mahmoud Ahmadinejad and former Prime Minister Mir-Hossein Moussavi (above) are the current front runners; they face off against Mohsen Rezai, former chief of the Revolutionary Guard, and respected cleric Mehdi Karoubi. On June 3, during a televised presidential debate, reformist candidate Moussavi came out with guns blazing, accusing Ahmadinejad of "undermining" Iran's dignity and criticizing his "mismanagement" of the country's faltering economy. Voting begins on June...
...holding a portfolio composed mostly of stocks--the standard investing advice of the past quarter-century--makes sense for all of us. In the past few years, the mantra of "stocks for the long run" has come under fire from some respected students of financial markets. Their two main critiques have to do with those terms long run and best. The first debate centers on whether you can count on stocks' long-term advantage to work out over your particular investment horizon; the second is about whether an investment as risky as stocks belongs in a retirement portfolio...
...Arnott argues that the evidence does indicate that "the common interpretation that stocks should be the core of your portfolio always" is wrong. "The main message I would want to convey to John and Mary Doe investor is, Pay attention to the price you pay for an asset," he says...
...many mass mobile text messages circulated by the opposition in the tense run-up. "Wouldn't that equally affect Ahmadinejad votes?" asked one confused voter, 19-year-old Farid Shobeiri, who had shown up in Tehran's Vanak Square to show his support for the President's main rival, Mir-Hossein Mousavi. "Of course they'll only distribute those pens in clearly pro-Mousavi stations in north Tehran," was the matter-of-fact response of Shobeiri's older cousin. (See pictures of Iran's elections...