Word: owners
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...goes beyond the judges, Mark A. Ciavarella Jr. and Michael T. Conahan, who pleaded guilty on Feb. 12 to federal charges of wire and income tax fraud and face the prospect of more than seven years in prison. State and federal authorities are still investigating the case, and the owners of the detention center, PA Child Care, have not yet been charged. (The owner, Greg Zappala, says he didn't know anything improper was going on, while a former co-owner claims he was a victim of extortion by the judges.) What's more, many prosecutors, public defenders and other...
...they are holding long term, lend them out short term, often overnight, to borrowers who need the shares to fulfill other commitments. For instance, if hedge funds want to sell shares short, they borrow them, putting up cash collateral that includes a small spread to the lender. Typically, the owner of the shares takes that collateral and invests it in something with low risk and of short duration, like commercial paper. The lender is exposed to some risk, but it usually isn't catastrophic. However, AIG took the collateral and invested in longer-term, higher-risk mortgage- and asset-backed...
Despite such criticism, dollmakers remain unfazed. Peter Laudin, owner of the New York-based Pattycake Doll Company, says offended parents bring their own prejudices to the dolls, perhaps because of their personal difficulty accepting a child's situation. "Nothing we respond with satisfies their hurt," he says. But for kids who receive the dolls, that's beside the point. "Children love all dolls unconditionally whether it's special needs or not," Laudin says. Retailers hope adults share that openness...
...Passim’s public relations coordinator Susan Scotti, the owners’ desire to preserve the intimate, sedate culture of the venue led Passim to limit its beverage options to non-alcoholic teas, coffee, and sodas. But recently, Passim’s budget difficulties have led its owners to reconsider the dry policy in the hopes that serving alcohol might increase revenue. “Some people may have avoided coming here before and may have gone to another venue for drinks,” said Scotti. “Now they can have both an amazing artist...
...such legislative niceties. He pointed out that the U.S. government - after pledging more than $150 billion in aid to the company - owns 79.9% of AIG. He told reporters, "I think the time has come to exercise our ownership rights. We own most of the company. And then say, as owner, 'No, I'm not paying you the bonus. You didn't perform. You didn't live up to this contract.'" (See how financial madness took over Wall Street...