Word: markets
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Dates: during 2000-2009
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...begins to have a wider impact, frequent local blackouts could do some long-term damage to the NFL's business. In Detroit, Yuille believes that after five Lions games were blacked out last year, casual fans completely lost interest in football. "More than anything, television is a mass-market promoter of a sport," says Zimbalist. "You don't want to cut that...
...That take-no-prisoners toughness is certainly entertaining, but behind the ego and bluster, O'Leary's real-life business performance is spotty. All four of the funds run by O'Leary's asset-management company are trailing the market this year. Shares of the company's oldest fund, O'Leary Global Equity Income Fund, which was launched in 2008, have plunged nearly 24% in the past year. Next, there's the truth-in-advertising problem: O'Leary calls himself an "eco-preneur," but many of the funds' investments are in coal companies and other large polluters. An O'Leary...
...sure, O'Leary is not the only famous investor who has struggled to stay above water in the market recently. But O'Leary's Global Equity Income Fund has sunk more than most. The average stock fund is down 12% in the past year, according to research firm Morningstar. Compared with other equity-income-fund managers, O'Leary has done even worse. Those funds, generally considered to be safer investments, on average have fallen 10%, or less than half the plunge of O'Leary's fund. And O'Leary is not doing any better since the market turned...
...Shareholders sued Mattel over the Learning Company deal, naming O'Leary and Perik, along with other members of the toy company's management, as defendants. In the complaint, the shareholders alleged that under O'Leary and Perik the Learning Company used "accounting manipulations" to gain market share and drive up the company's stock price. According to the suit, a sales manager at the Learning Company at the time of the Mattel merger told employees that he "suspected the 'Learning Company is broke' and is 'cooking the books.' " Mattel paid shareholders $122 million to settle the suit. O'Leary...
...Over the years, O'Leary has often been an outspoken critic of fund managers who underperform the market. He launched his first fund in May 2008. In the prospectus he wrote, "The recent market sell-off has provided an attractive entry point in a variety of high-quality public securities." Since that time, stocks in both Canada and the U.S. have plunged. O'Leary told Canadian business magazine Profit in June 2003, "There are a lot of idiot fund managers out there who add no value to the process at all." If O'Leary doesn't turn things around...