Word: mirrored
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...most explosive bombshell came last week, when it was revealed that the media magnate had secretly -- and improperly -- "borrowed" $767 million from worker pension funds at the two public concerns under his control. The money is missing and unaccounted for. This most unsocialist of acts prompted the Mirror's conservative archrival, Rupert Murdoch's Sun, to run banner headlines in Thursday's edition asking cheekily, MIRROR MIRROR ON THE WALL, WHO IS THE BIGGEST CROOK...
...latest revelations revived speculation linking Maxwell's death to the dire financial condition of his media empire. Although the preliminary autopsy report claimed the 300-lb. 68-year-old died of "natural causes," the exact circumstances of his death are still unknown. Even Maxwell's Mirror reported in its Thursday edition that at the time of his death the magnate was under increasing pressure to meet debt obligations. But while the events leading up to his demise remain obscure, one point is now very clear: Maxwell's wealth was more financial illusion than reality...
...Maxwell family's conglomerate is loosely organized into three clusters. The two publicly listed companies include the Mirror Group, which publishes the Daily Record, the Sunday Mail and Racing Times, as well as the Mirror newspapers. The flagship company, Maxwell Communication, controls such concerns as Macmillan books, the Official Airline Guides and P.F. Collier encyclopedias. The Robert Maxwell Group is privately held and owned 100% by the family. Its operations include the Oxford United Football Club and publications like the European, as well as stakes in newspapers in Israel, Hungary and Kenya...
...proved hopeless. John Talbot, the administrator appointed by the High Court last week to oversee the family's private holdings, said Maxwell's remaining assets were likely to be put up for sale. That includes the Maxwells' stock in Maxwell Communication as well as their 51% stake in the Mirror Group...
...other side of the Atlantic, workers at the Daily Mirror expressed dismay and anger after it was revealed that Captain Bob, as the swashbuckling Maxwell was dubbed years ago by the British humor magazine Private Eye, had looted their pension fund and treasury in order to prop up his personal fiefdom. The transactions, which took place in the months before he died, are being probed by British authorities. Last Friday SFO agents raided the family headquarters at Maxwell House in search of documents relating to the missing pension funds. Still, bemoans Ossie Fletcher, the former editor of the Mirror Group...