Word: milken
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Dates: during 2000-2009
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Ebbers' conviction reflects a new calculus for corner-office occupants: that corporate crime may finally equate to lengthy prison terms. Many of the most notorious white collar villains of a generation ago received light sentences compared with what Ebbers faces. Junk-bond king Michael Milken, for instance, served only 22 months for securities fraud. Now CEOs must recognize the risks of an "I didn't know" defense and face the prospect of monumental consequences to go along with their monumental pay packages. That Ebbers lost hundreds of millions himself in the WorldCom collapse--buying more stock even as the company...
...years, what's new is that the hottest places in America to find jobs are small and midsize towns, and not all of them are in the warmer latitudes. Burgs ranging from Fargo, N.D., to Fayetteville, Ark., to Reno, Nev., are leading the U.S. in job gains. The Milken Institute, a private think tank, found in its annual ranking of cities with the most job growth that 11 of the top 20 had populations well under 1 million. The Fort Myers region (pop. 420,000) added 17,500 new jobs between July 2000 and July 2003; the Fayetteville area...
INDICATORS Keeping It Together Mergers - out of fashion after a decade of behemoth-building deals - may have unfairly acquired a bad reputation, according to a study by the Milken Institute, a California think tank. The research, which examined 276 takeovers by public companies over a 15-year period, found more than two-thirds of the deals led to increased efficiency, as well as savings of about $28 billion overall...
SWONK: It started with Michael Milken and Henry Kravis, the hostile takeovers. You could actually fire a ceo. It started in the '80s, culminated in the '90s and was a massive trigger point to adopting new technologies more rapidly, and cost cutting becoming a mantra. People are rewarded for cost cutting...
...Woman of the Year are Michael Milken and Leona Helmsley...