Word: multimillions
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Dates: during 1990-1999
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...they squandered her money and robbed her of her childhood. Now a 17-year-old senior in high school, she is asking to be declared a legal adult so she can control her own finances. According to Moceanu, her parents mismanaged her trust fund, pouring her money into a multimillion-dollar, 70,000-sq.-ft. Houston gym complex and a sportswear line. "Her relationship with her parents was only about gymnastics," says Olympic teammate Shannon Miller, who has been counseling Dominique over the past few months. "She wants to enjoy the sport because she enjoys it, not because...
...court on Thursday, Microsoft backed up its defense of divide-and-conquer tactics by showing that AOL and Netscape appeared to be up to the same thing -- just months after an alleged share-the-market meeting between Netscape and Microsoft. Cited: An internal AOL document describing a multimillion-dollar offer to Netscape to license its browser software and "create a vision to compete with Microsoft" -- in exchange for Netscape's staying out of AOL's online service business...
...usually ignore individual insider buying. A senior vice president picking up a few thousand shares of his drug company here and there means nothing to me. But when top-level officers across an entire industry make multimillion-dollar repeat purchases, I sit up and take notice...
...Everyone knows that profits and good care are not compatible" is how Pat McGinnis, executive director of California Advocates for Nursing Home Reform, explains the persistence of nursing-home abuses. But a recent spate of multimillion-dollar jury awards to nursing-home residents and their families because of poor care may force some homes to improve. A California woman won a $95 million verdict after the jury was told how she broke her shoulder and shattered her hip (last month a judge cut the award to $3 million), and a jury awarded $6.3 million to the family of a Florida...
Evidence like the GAO report is sure to encourage even more lawyers to file suits seeking damages for alleged wrongdoing by nursing homes. And if jurors keep awarding multimillion-dollar verdicts to grieving families, nursing homes could end up embracing stiffer rules and penalties as a way to deter such claims...