Word: monaco
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Dates: during 1990-1999
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There are some examples of successful near-absolute monarchies. For instance, in Monaco, Prince Rainier reigns supreme and uncontested, his principality in the spotlight since he married the late Hollywood actress and Hitchcock muse, Grace Kelly. In this tiny Mediterranean country the size of New York City's Central Park, to be Monegasque is to lead a tax-and-crime-free life. Monegasques appreciate the fact that it is only the Monegasque princely family that keeps Monaco intact since once the family dies out, Monaco reverts to France...
After his father's death in 1992, Spencer spoke openly in the press about his distaste for Raine, likening her redecoration of Althorp to "the wedding-cake vulgarity of a five-star hotel in Monaco." This, as well as the Lasson episode, was one of the many instances in which Spencer, like the Princess of Wales, used the media to his advantage, despite a long-expressed loathing of its intrusiveness. In fact, after university, Spencer joined the press corps, taking a job as a light-news correspondent on NBC's Today show, for which he reported directly from the wedding...
...deal was a major success for Legacy: the offer price of $6 a share gave the struggling software house a market capitalization of more than $14 million on a fully diluted basis. Perhaps the biggest winner was an obscure Monaco company called EBC Trust. Some months before the deal, EBC provided a loan to Legacy to keep it going, and is now one of the company's biggest single stockholders, with millions of dollars in paper profits...
...behind EBC? Legacy's prospectus states that EBC is owned by Monaco-based businessmen Michael Woolf and Richard MacLellan. TIME has learned that MacLellan is apparently no stranger to Irving Kott: the two men were co-defendants in a suit filed in California last year accusing them of having misappropriated shares of a Canadian company. (The suit was settled, and TIME has no evidence of wrongdoing by any of the defendants...
...said, however, that he didn't think the merger had much to do with Monaco's case...