Word: nested
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...dodges currency-control laws to get his savings out of the country; a multinational corporation that seeks to "minimize" its tax burden by dumping its profits in tax-free havens; a South African investor who wants to avoid economic sanctions; an East German Communist leader who stashed a personal nest egg in Swiss bank accounts; or even the CIA and KGB when they need to finance espionage or covert activities overseas...
...East German regime collapses before its anti-Communist opponents, it is yielding up enough evidence of corruption to provide yet another cause of bitter popular resentment against the discredited hierarchy. The allegations of illegal nest feathering have shocked and outraged ordinary citizens, party members and nonmembers alike. Disgrace knows no limits for Erich Honecker, less than two months ago the most powerful man in East Germany: last week the former party chief and eight of his erstwhile top lieutenants were formally charged by the state prosecutor's office with "enriching themselves through abuse of office." Seven of the ex-Politburo...
South African Archbishop Desmond M. Tutu, whose candidacy for the Board of Overseers stirred up a hornet's nest of controversy last spring, will attend his first Board meeting this weekend...
Superior Court Judge Catherine White last week denied a plea from Cambridge Citizens for Liveable Neighborhoods (CCLN) for a preliminary injunction against the Athenaeum Group's garage on Binney St. The group had sought to halt construction until a nest of three lawsuits decides whether the garage, which is 80 percent built, violates a 1973 federal parking freeze...
Many investors are influencing corporate behavior by putting their money where their morals are. Socially conscious investment funds now hold nearly $500 billion, up from $40 billion in 1984, according to Gordon Davidson, head of the Social Investment Forum in Boston. Much of this nest egg belongs to pension funds like the $53 billion California Public Employees Retirement System. Their increasingly activist stance has strengthened the hand of the many religious groups that have waged an 18-year fight with corporations, seeking to influence policy through proxy battles at shareholders' meetings. Harrison Goldin, the comptroller of New York City...