Word: pensiones
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...reason, investigators say, may have been a quarrel Bramlet was having with the Mob over the use-and presumably abuse-of a portion of the culinary local's $42 million pension fund. Some $16 million of the fund has already been loaned out to resorts and developments that are backed by Las Vegas gambling bosses...
...bigger cut for himself. Says an investigator: "He was demanding more out of the thing than the Mob thought he should get." Following one stormy negotiating session last summer, Bramlet was severely beaten. "I fell off a barstool," he told friends. Then, two weeks before his disappearance, the pension fund trustees turned down what is known in the union as Bramlet's "memorial hospital." Said an insider: "That thing was just too shaky. The trustees couldn't hold still for it." Bramlet was left in the awkward position of not having come through...
...personal assets are reckoned at over $170,000, Winston Churchill's widow Clementine, like most Britons, is a victim of inflation. When word got out that she was selling family heirlooms and that she was getting no aid from the state beyond a $26-a-week old-age pension, the response was outrage. Declared the Daily Mail: "When Marlborough, Churchill's illustrious ancestor, beat off England's enemies, the nation gave him Blenheim Palace. Is it too much to ask that Parliament, by speedy and special resolution, now grant a modest pension to Sir Winston...
...explanation, IBM would say only that "at this time" it regards its own stock as "an attractive investment." On Wall Street, many analysts reckoned that IBM aimed its offer mainly at institutional investors like banks, pension funds and insurance companies. Although trading far below its peak of $365, in 1973, before recession selling hit many flyers, IBM is still treasured by institutions. Indeed, there are more than 1,200 institutional holders of IBM. and together they hold more than 60% of the company's stock-an unusually high percentage. In fact, institutions own more IBM than any other single...
That concentration worries Government officials, who are afraid that institutions that administer pension funds are investing too much money in a few popular stocks. The Employee Retirement Income Security Act, enacted last year, has been interpreted by many institutions as limiting holdings of any one stock to 5% of their portfolios. IBM's move allows institutions overloaded with its stock to sell shares back to the company without depressing the market. Given the fondness of money managers for IBM, some analysts wonder whether the $280 offer will actually persuade many institutions to sell. Still, the offer strikes a balance...