Word: paulsons
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...papers filed last week with the Securities and Exchange Commission. The 1.7 million shares he acquired had a market value of $13.5 million on the day he paid the $100,000 for them, Dec. 31. Lubensky bought the stock for the lower price from a friend, Wheeling Chairman Allen Paulson, who resigned a week later. Paulson apparently intends to use the virtual giveaway as an income-tax write-off. SEC officials said the deal was legal, but an IRS spokesman said it would arouse scrutiny at the agency...
...free trade, the Administration already has granted requests for restrictions on such imports as motorcycles, cars and steel. Nor is it just older industries that are protesting. "Most hightech companies have been very hard hit," says C. Norman Winningstad, chairman of Floating Point Systems, an Oregon computer company. Allen Paulson, the chairman of Savannah's Gulfstream Aerospace, is blunt about the strong dollar's impact: "Somebody has to put an end to this insanity...
...Kevin D. Paulson Loma Linda, Calif...
...Nancy Paulson Libertyville...
Sometimes such fears are unfortunately justified. Gulfstream Aerospace Founder Paulson's son Michael, 28, was ambushed by two men in front of his Savannah home one night last month. The younger Paulson pulled out a .22-cal., two-shot derringer magnum and killed one of the men. The second was arrested shortly afterward. Police recovered handcuffs, a gag and a tape cassette with a message requesting $1.2 million in ransom...