Word: portfolios
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Dates: during 1990-1999
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Marsha Scott, the chief of staff in the Presidential Personnel Office, is one of several well-entrenched Clinton aides from Arkansas whose influence and portfolio far outweigh their title. It was Scott who developed a taxpayer-funded database that congressional investigators suspect was used to track political benefactors. She attended 18 of the now famous White House coffees for big givers. Whitewater prosecutor Kenneth Starr is expected to have a few questions about a Los Angeles Times report that she made frequent prison visits to her old school chum Webster Hubbell, who has since announced that he will no longer...
...thick of some of the hottest plays on Wall Street. If Hilton Hotels Corp. succeeds in its hostile $6.5 billion takeover bid for ITT Corp. and its chain of 424 Sheraton properties, as many analysts think likely, HFS will add the luxe Sheraton brand to its already bulging portfolio. That's because Hilton ceo Stephen Bollenbach wants to license HFS to franchise the Sheraton trademark worldwide. Says Bollenbach of Silverman: "He can do more for the Sheraton brand than anyone else can. He's the best...
...resided in Zhongnanhai, the walled district of Beijing that is China's new Forbidden City; Deng chose to live not in Zhongnanhai but in a block-long house called Miliangku (literally "rice-grain storehouse"), not far away. It was there that China's unquestioned leader, its emperor without portfolio, enjoyed his family, played his beloved games of bridge and drifted into senescence, dealing with the specters that haunt the capital and the realm. They were ghosts as hoary as the last Emperor of the Ming dynasty who hanged himself on Coal Hill, just east of Deng's home; the students...
...down. You could call it verti-Dow. "I try not to watch the market every day because it will make me crazy and I'm afraid I'll make the wrong decisions," says Kordus, 41, who runs a hip-hop radio station in Los Angeles and has built a portfolio of stocks that have jumped about 25% in value in the past two years...
...totally diversified, and I sleep very well at night," Freedman says. Such investors wisely run neither to nor from the bull market, but have learned to ride its up and downs. Alan Sunkel, a glassware entrepreneur in Kansas City, Missouri, recently shifted 10% of his $250,000 portfolio from stocks to money-market funds, lowering his equity holdings to 65%. "I'm worried about the market pulling back," he says. "But I wouldn't get out if it did." Way to go, Alan. Wall Street is counting...