Word: mutuals
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Dates: during 1990-1999
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...metaphor for his investment style. Like his earlier Vail venture, Gillett II rests on a mountain of junk securities, although these cost a mere 12.5% interest, well below the nosebleed rate for his last go-round. And this time he has two big partners: the John Hancock Mutual Life Insurance Co., which owns 50% of the ski operations, and the Canadian Imperial Bank of Commerce, which has 10%. Says Gillett, who has a hard time containing his optimism: "The demographics are with us. Skiing is at the same point it was 25 years ago--at the brink of another great...
...done an exceptional artist full justice. And of course the Phillips Collection is the right place to start it, since Duncan Phillips was the only steady collector Dove had in his whole career and the relationship between the two men was one of the finer examples of mutual nurturing in the annals of American patronage. Phillips kept the wolf from Dove's door, but Dove opened Phillips to what was exclusively visual, not literary...
They weren't the only ones. In February a FORTUNE article documented the unfolding family discord. Vulture investors began buying up stakes and pressing a sale or spin-off of Dow Jones Markets (estimated 1996 sales: $833 million). One investor, Michael Price of Franklin Mutual Advisers, snapped up 6% of Dow Jones and vociferously pushed for a sale of the whole company...
...Phoenix where Payanzo met Yazzie, introduced to her by a mutual friend. The two soon started dating...
...agree on everything," he said. "But there's very good discussion and a lot of mutual respect...