Word: mogul
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Even in Hollywood the script seemed bizarre: an entertainment mogul and his wife are cut down by multiple shotgun blasts as they sit watching television and snacking on berries and cream in their Beverly Hills mansion. Their two handsome sons return home from an evening at the movies to discover the horribly mangled bodies. The police probe the possibility of a Mafia hit but find nothing. The boys inherit their parents' fortune, estimated at at least $14 million, and a $400,000 insurance policy. Seven months later, the scenario takes a shocking twist when police arrest the orphaned sons...
...results were predictable: members of Congress cited drugs. The corporate mogul cited the challenge of lowering production costs. The conservative columnist found "granting abberance the status of victimized minority," one of the most grave threats to national welfare...
...keys to the transformation of the contemporary market is going to be the discreet dispersal of the huge collection formed, mostly after 1980, by the advertising mogul Charles Saatchi, whose London firm is now in difficulties. Saatchi bought in bulk, sometimes whole exhibitions at a time. He acquired, for instance, more than 20 Anselm Kiefers, whose prices are now past the $1 million mark, and at least 15 Eric Fischls, which are on or around it. Artists let him have the cream of their work because it was understood -- though never explicitly said -- that Saatchi would never sell; his collection...
With India's voters set to go to the polls next week, the country's attention was focused less on politics than on a religious dispute over the future of a 16th century mosque in the North Indian town of Ayodhya. Militant Hindu groups claim that India's Mogul conquerors built the mosque after destroying a temple marking the birthplace of the Hindu god Rama. The militants demand that a temple to Rama be built on the spot. India's Muslim minority fiercely objects to the plan. As tension has mounted in recent weeks, at least 400 people, most...
...other foreign investors are in trouble largely because they overreached. Burdened with debt, Canadian mogul Robert Campeau was forced last month to relinquish control of his retailing empire and put the 17-store Bloomingdale's chain up for sale. In August Australian raider George Herscu put his U.S. retailing subsidiary into bankruptcy after becoming overwhelmed by its $1.2 billion takeover debt. Herscu may well have to sell Bonwit Teller (stores: 16) and B. Altman (7), which he acquired...