Word: rans
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...executives who had received shares through Starr's compensation plan. Wells asked Greenberg to raise his hand at the point when, during his videotaped explanation of the program, he stated that Starr had the right to cancel the plan and use its AIG shares for other purposes. The speech ran more than six minutes. Greenberg never raised his hand...
...complicated case stems from the departure of Greenberg in 2005, when he was ousted from AIG, a company he ran for 37 years, amid an accounting scandal. While the case gets at the wacky bonuses and compensation structure present at AIG for years, the facts of it predates the mortgage mess and the company's current troubles...
...year technology veteran who has worked at Hewlett-Packard and a variety of start-ups, including the legendary and doomed NeXT Computer, where he was wooed by Jobs. He arrived at Apple in 1997, about the time Jobs returned from exile and, as one of Jobs' trusted lieutenants, ran the hardware side of the company. The candy-colored gumdrop iMac he built helped haul Apple back from the brink. When Jobs decided that Apple should make a digital-music player, it was Rubinstein who discovered a tiny hard drive at Toshiba's research labs that would be the soul...
...Before the hazardous health effects of smoking were widely known, cigarette companies were able to advertise largely regulation-free. The first tobacco advertisement in the United States ran in 1789 when what is now the Lorillard Tobacco Company promoted their snuff in a local New York newspaper. Manufacturing and transportation constraints limited the distribution of tobacco products (at that time, mostly snuff, cigars and pipe tobacco) to local markets and largely kept companies from exploring the benefits of branding. The first strong national tobacco brand didn't emerge until near the end of the Civil War, when both Union...
...figured that for things to fall back in line with where they've been historically, Americans would have to get rid of some $3 trillion to $5 trillion in debt over the next few years. (Read "Lidia Bastianich Saves Our Dough.") Lansing and San Francisco Fed colleague Reuven Glick ran a simulation of what would happen if U.S. consumers followed a path similar to that of Japanese businesses in the 1990s. That was another episode of a great debt dump following a stock-and-real-estate bubble - it's one of the examples economists often turn to in trying...