Word: pala
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Dates: during 1990-1999
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...based in Heathrow, Fla., a 203-year-old maker of pens, pencils, chalks, watercolors, highlighters and other types of markers, is slashing its marketing budget in spite of a hefty 14% increase in sales last year. "We have to hunker down here," says company president and CEO Gino N. Pala. "We have to watch things closely. I don't think we've felt the worst of the economic crunch yet. I think the damage has already been done, but we've got to work through it." He says that he intends to keep his staffing "flat" in the new year...
...said $80 million had been deposited into a Barings futures account at Citibank. No such transfer took place, and prosecutors are likely to argue that it gave Leeson a way of proving he was making the huge Nikkei trades on behalf of a client. "Once he is here," says Pala Krishnan, one of Singapore's leading criminal attorneys, "the maximum sentence he can receive is 14 years, if he is tried by a lower court. If he is tried by a higher court, then the sentence is life." Leeson and Barings should have got out while they were ahead...