Word: pequots
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Once the ghostwriter has finished writing, the task of rushing a book into print falls to the publisher. If a newsy or highly anticipated manuscript arrives on schedule, says Steve Culpepper, executive director of editorial at Globe Pequot Press, editors huddle with sales and marketing staff members, among others, to determine whether it's big enough to be worth crashing out quickly. The company's president makes the final call. (See where Sarah Palin is going next...
Byron Wein was senior investment strategist at Morgan Stanley until 2005, when he left to join Pequot Capital Management, a hedge fund in Westport, Conn. Each December, Wein forecasts 10 possible surprises for the year ahead, events that may not be on Wall Street's radar but nevertheless have good chance of occurring. His prescience on market issues has won him a wide following. In an interview with TIME contributing editor John Curran, Wein reviews his 2009 list and opines on the stock market's prospects...
...century, heathens were executed for refusing baptism. Beginning in the 11th century, Crusaders trying to drive Arabs out of the Holy Land committed countless atrocities. Shortly after Columbus made his first trip, the Spanish Inquisition began taking action against Jews and, later, Muslims. In 1637 the Pequot Indian tribe was murdered by Massachusetts militiamen who called themselves ''faithful followers of Jesus Christ.'' After the Spanish-American War, American soldiers chased down Filipino rebels and burned their villages because the U.S. claimed the right to Christianize them. Today Christian Serbs are slaughtering Bosnian Muslims, and antiabortion fanatics wave their Bibles...
...Mack told Samberg he wanted to invest $5 million in a closed Pequot fund, and he was also able to invest in another equity fund (Fresh Start), the only individual allowed to do so, according to the Senate report. Within days Pequot, at Samberg's direction, started aggressively buying Heller stock, while shorting GE. In a matter of a few weeks, and after the acquisition was announced on July 30, 2001, Pequot had scooped up $18 million in earnings, a performance that caught the attention of the New York Stock Exchange...
...Mack was in fact eventually questioned by the SEC on August 1, 2006, more than 13 months after Aguirre had first proposed, but the Pequot investigation was officially closed on November 30 of that same year. The SEC's case closing recommendation, dated November 30, 2005, states that "the staff has been unable to find any evidence that Pequot had information regarding the merger between GE and Heller before the merger was publicly announced, much less that anyone tipped Pequot or Samberg about the merger in advance of its announcement. The staff's investigation found it extremely unlikely that Mack...