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...tech industry in which news seems to trudge to the same dreary drumbeat--a relentless sales downturn, profits stagnant at best, venture capitalists with their wallets shut tight--at least Larry Ellison can still come up with a surprise. The founder of Oracle--one of the world's richest men, with company stock worth more than $17 billion--spent last week pushing a hostile bid to take over rival business-software firm PeopleSoft for a lowball price of $16 a share--about 50˘ less than the market value of the stock. Neither analysts nor competitors seemed sure whether to take...
...Zhou Zhengyi 2002's 11th richest mainlander, according to Forbes magazine, Zhou was the first in Shanghai to own a Ferrari. He and wife Mao Yuping stand accused of loan and stock fraud and tax evasion...
Shanghai real estate developer Zhou Zhengyi last week became the latest casualty in what appears to be an ongoing government crackdown on the dubious business practices of China's richest and flashiest. Here's the body count...
...transactions is purely coincidental, and that he's not experiencing any financial difficulty. Nonetheless, his cash-raising flurry is the buzz of Paris, where the 66-year-old is a larger-than-life figure who is feared, admired and criticized in equal measure. He is one of the 10 richest people in France, whose wealth at its peak in 2000 was estimated by Forbes at $7.8 billion. (Forbes today thinks he's worth $5 billion less than that). A wily Breton who built his business empire from humble beginnings in the timber industry, Pinault has had numerous scrapes over...
...parents, do not fret. Your money was well-spent. Some of the richest moments of my life happened in these lecture halls, classrooms and libraries. Well, actually “libraries” should read “coffeehouses.” I calculated recently that I have spent more time in local Cambridge cafés than in classrooms. Those distinguished professors, cash-starved TFs and obscenely expensive books and coursepacks have changed me, and they have changed my friends. We do, indeed, look at ourselves and the world with different eyes...