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Ever since he was a teenager, more interested in producing movies than in the prospect of running his family's liquor empire, Edgar Bronfman Jr. has faced his share of skeptics. One of the first, in fact, was his grandfather Samuel, a Russian immigrant to Canada who advanced from Prohibition bootlegger to spirits magnate, owner of a portfolio that included Chivas Regal Scotch and Captain Morgan rum. In a mid-1990s documentary about the family, Edgar Jr. recalled his grandfather saying, "Shirtsleeves to shirtsleeves in three generations. I'm worried about the third generation." Such doubts didn't seem...

Author: /time Magazine | Title: Spiriting Away a Fortune | 7/15/2002 | See Source »

What first attracted attention to Stewart's sale of ImClone stock was her close friendship with Samuel Waksal, 54, the company's former CEO who was indicted last month on insider-trading charges. Federal prosecutors allege that Waksal learned on Dec. 26 that the U.S. Food and Drug Administration was about to deny approval to ImClone's cancer drug, Erbitux. Between Dec. 26 and Dec. 28, authorities say, Waksal tried to sell $5 million in ImClone stock; brokers at Merrill and Banc of America Securities blocked him. His daughter Aliza, however, sold $2.5 million of ImClone...

Author: /time Magazine | Title: Longing for Her Salad Days | 7/8/2002 | See Source »

This defense of Lexington’s historical significance often results in clashes with nearby Concord, that other town that (falsely, from the Lexington view) claims the shot heard round the world. In 1824, Concord resident Samuel Hoar claimed in a speech that his town had made the first “forcible resistance” to the British, offending Lexington’s town pride and sparking the appointment of a committee to collect evidence on the battles of Lexington and Concord. The 40-page pamphlet that resulted from the committee not surprisingly documented Lexington’s noble...

Author: By Stephanie M. Skier, | Title: The Fantasy of Local History | 7/5/2002 | See Source »

...against the Zimbabwean government; in Harare. Meldrum reported a story that claimed a woman had been beheaded by supporters of the Zanu PF, Zimbabwe's ruling party. The police say the killing never took place. Meldrum is being prosecuted under stringent media laws designed to curb government criticism. ARRESTED. SAMUEL WAKSAL, 54, former CEO of ImClone Systems, the biotech company behind the experimental cancer drug Erbitux, on charges of illegal insider trading; in New York City. Waksal is accused of trying to unload his shares and telling two shareholders to sell their stock the day before the U.S. Food...

Author: /time Magazine | Title: Person of the Week | 6/17/2002 | See Source »

...history of modern drug addiction might be said to start, innocuously enough, with a cup of tea. London diarist Samuel Pepys recorded his first taste of "tee (a China Drink)" in 1660; by the early 1700s, as cheap sugar to sweeten the brew poured in from the West Indies, the entire nation was on its way to becoming hooked. Some Englishmen were soon knocking back 50 cups a day. The English East India Company, which held the monopoly on all Eastern imports, saw its tea sales grow from 97,000 kg in 1713 to 14.5 million in 1813, making...

Author: /time Magazine | Title: Tempest in a Tea Cup | 6/10/2002 | See Source »

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