Word: sec
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Dates: during 1990-1999
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...sideways collisions, or there wouldn't be many left on the road. So the consultants helped things along. As GM later demonstrated, the truck that did burn -- apparently because it had an ill-fitting gas-tank cap, made for a different truck -- ignited for only about 15 sec. But to ensure that its images were graphic, NBC used tightly edited shots in which the flames looked much worse...
...talking about its yet undisclosed sale to Japan's Matsushita Electric Industrial Co. When Sheinberg Sr. realized that Junior was listening in, he correctly warned his son to keep the news to himself and certainly not trade in the stock. But Jonathan just couldn't keep a secret, the SEC says. He has agreed to pay $417,988 in penalties for leaking the news to three outsiders: his father-in-law, a friend and his business manager. The three, who invested in MCA stock before news of the 1990 deal surfaced, made a killing. But the $909,077 they will...
...SECURITIES AND EXCHANGE COMMISSION FINALly dropped the gavel in the Salomon Brothers trading scandal. In its toughest enforcement action in the case, the SEC filed a civil lawsuit against the two former Salomon executives who allegedly engineered the 1991 scheme to submit phony bids in U.S. Treasury auctions. The government is seeking unspecified fines and court injunctions against former managing directors Paul Mozer and Thomas Murphy. Mozer and Murphy, who both contest the suit, also face possible criminal indictments. But not all of the SEC's actions had as much bite. In a settlement that some observers criticized as toothless...
...SEC rules will require companies to publish charts in their annual reports that compare salaries with stock prices. Companies will also have to assign values to the stock options that executives receive. Although the regulations will provide shareholders with more ammunition to fight what they consider to be unwarranted compensation, many critics say the new law doesn't go far enough. They want to give shareholders the right to determine the actual pay of top executives. Others want to get at it by limiting corporate tax deductions for excessive salaries...
...scene with a winning 18-ft. 8 1/4-in. jump at the 1983 Helsinki world championships. He has dominated the sport since -- winning the 1988 Olympic gold, taking 23 of the 25 meets he entered last year, and arcing 20 ft. or better four times. With his speed (10.2 sec. in the 100 m) and dazzling strength (his wedge-shaped upper body resembles a gymnast's), the 176-lb. Bubka is able to use a pole designed for someone weighing 44 lbs. more, allowing him extra spring. Sponsors reportedly give him as much as $25,000 to make an appearance, while...