Word: mogul
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Dates: during 1990-1999
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...though, Diller turned 50. And the miracle mogul had to wonder, Did he have the power he deserved? Spawning Home Alone and The Simpsons loses its savor if the profits you generate go out of Fox's entertainment pocket and into the frayed purse of the newspapers owned by your boss, Rupert Murdoch. Or any company owned by anyone else. At Disney, Diller's friend and former underling Michael Eisner answers only to God and the Bass brothers. Ted Turner, Larry Tisch -- these guys own stuff. Diller just ran things. "For 30 years I've been an employee," he says...
...Mogul skiing, in which Donna Weinbrecht of New Jersey earned the women's gold medal last week, is dramatic. It involves slaloming among scores of boneshaking bumps down a straight 820-ft. course while completing two jumps, striving for both style and speed. Its curse, like that of so many Winter Olympics sports old and new, is that it involves subjective judging. That inevitably means at least a suspicion of politics -- of favoring the stalwarts, whatever their performance on the day, over outsiders who may rise to one particular occasion...
...administration thinks it has nothing to gain from restoring Aristide. Unnamed officials smugly told The Washington Post last week: "What incentive do we have to help Haiti? What for? What U.S. interest?" Too bad Cedras is not a communist and Aristide a little more moderate--better yet, an oil mogul of some sort. Then Haiti would get a Grenada or Kuwait invasion...
...curtain has been rung down on the long-running farce starring would-be film mogul Giancarlo Parretti. Last week a Delaware judge confirmed Parretti's removal from the board of MGM-Pathe studios. A onetime waiter who bought the studio in 1990 for $1.3 billion, Parretti accumulated huge debts during his half-year tenure as CEO, forcing the company into involuntary bankruptcy. The studio's chief lender, the French bank Credit Lyonnais, pumped in $145 million to restore solvency but demanded his ouster. The Delaware judge agreed, condemning Parretti's mismanagement of the firm. The downward slide continued...
...investigators probe the wreckage of the Robert Maxwell empire, the mess just gets uglier. British investigators believe that the late media mogul looted some $1.5 billion from the pension funds and coffers of public companies under his control, about twice the original estimate. Auditors also found that debts owed by Maxwell's private companies exceed $3.3 billion, up $830 million from earlier estimates, and that Maxwell allegedly schemed to bolster the stock price of one of his companies by illegally paying investors to buy shares...