Word: recruited
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...scandal erupted last July, when the daily Asahi Shimbun disclosed that the Recruit group, the parent company of a real estate firm called Recruit Cosmos, had sold unlisted stock in the subsidiary at bargain prices in 1984-86 to politicians, journalists and business leaders. The well-placed purchasers reaped millions of dollars in profits when Recruit Cosmos went public and its shares tripled in value. While Japanese firms often sell inexpensive stock to influential buyers, the scope of the Recruit Cosmos handouts was unprecedented. Hiromasa Ezoe, chairman of the Recruit group, sold more than 885,000 unlisted Recruit Cosmos shares...
...unseemliness of the deals has forced the resignation of Ezoe and 20 other people. The first big political casualty: Finance Minister Kiichi Miyazawa, who resigned last month. He was caught in a net of contradictory denials, and finally admitted that an aide had taken part in the Recruit offerings, using the Minister's name. Ironically, the fall of Miyazawa strengthened the political position of Takeshita, since the men had been rivals in the ruling Liberal Democratic Party. Five days later, Hisashi Shinto, chairman of the giant Nippon Telegraph and Telephone, stepped aside after conceding his involvement in the Recruit stock...
...ability to topple the mighty, Tokyo's widening stock scandal is turning into a Japanese version of Watergate. Since July, when the daily newspaper Asahi Shimbun accused 76 highly placed political and business leaders of unethical trading in shares of the real estate firm Recruit Cosmos, 20 people implicated in the scheme have given up their posts. Last week Hisashi Shinto, 78, chairman of the giant firm Nippon Telegraph & Telephone, resigned after admitting that his bank account contained $73,000 in profits from the Recruit deal. Just five days earlier, Finance Minister Keiichi Miyazawa had departed under a similar cloud...
With last week's appointments, Bush had one woman and one minority -- holdover Education Secretary Lauro Cavazos, a Hispanic -- in his top management team. Bush promises to do more to broaden the mix. His talent scouts have mounted a national drive to recruit more minorities and females for sub-Cabinet and lower-level positions. Vows the President-elect: "Stay tuned. We're only about halfway through...
That agenda, he says, "is fairly typical of Afro-American studies across the country." If Harvard can successfully recruit candidates to fill those posts, then the department will be in "excellent" shape over the next 10 years...