Word: owners
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Dates: during 1980-1989
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...noticed how much had disappeared because heists in high places occur without ski masks or guns. But now the House Banking Committee, the thousands of duped bondholders and the public have caught on: to the empty vault at California's Lincoln Savings and Loan, to the perfidy of its owner Charles Keating and to the complicity of the Government. Says Banking Committee member Jim Leach of Iowa: "Keating is at fault because he is a bank robber, but we in Washington made it, in part, a legal bank robbery...
...club for records, tapes and videocassettes. Warner Bros., which is controlled by Time Warner, also received exclusive cable-TV distribution rights for all Columbia feature films, television movies and mini-series. Included were the 2,700 movies in Columbia's film library. In addition, Warner Bros. will become sole owner of the valuable Burbank Studios -- which the two companies now jointly hold -- by acquiring Columbia's 35% interest in the film lot in exchange for sole title to Warner's smaller Lorimar Studio. And Warner will keep some 50 film projects that Guber and Peters have under development, including Batman...
...Museum of Art's show "Van Gogh at Arles" was being planned in the early '80s, it was assigned a global value for insurance of about $1 billion. Today it would be $5 billion, and the show could never be done. In the wake of Irises, every Van Gogh owner wants to believe his painting is worth $50 million and will not let it off the wall if insured for less. Even there, the problem is compounded by the auction houses: when consulted on insurance values or by the IRS, they tend to stick the maximum imaginable price...
...happy from a legal standpoint," says Aponte. "O.K., Sotheby's says in its catalog that it offers financial services, but I'd like to see disclosure of the entire commitment. I would like to know if it is part owner of a painting, and if it has a fiduciary interest, I want to know what it is. If it lends Bond $27 million, I want that fact in the catalog...
...liberal daily El Espectador saw its editor-owner assassinated in 1986. Five employees have been slain since. The paper was bombed twice, most recently in September; the $2.5 million damage tally included destruction of the computer system and presses. Yet El Espectador has not missed a day of publication and has kept up the drumbeat against the cartels. Even harder hit was the country's second oldest newspaper, the Bucaramanga-based Vanguardia Liberal, which supported the government's crackdown and was all but destroyed in an Oct. 15 bombing. It too kept on publishing. "We are not heroes," says...