Word: stakes
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Dates: during 1990-1999
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...tight. Some shun the spotlight, like 94-year-old shipping billionaire Daniel K. Ludwig. Others crave it, like former self-proclaimed billionaire Donald Trump. Sam Walton, who'd be the richest businessman in the world, Forbes says, if he hadn't divvied his $18.5 billion Wal-Mart stake among his family, is famous for his battered Ford pickup, while the late Bhagwan Rajneesh, who was blessed more richly with followers than cash or good tax advice, had 92 Rolls-Royces...
...flat, knew nobody important and never went to college). His partner, Charles Lachman (the L in Revlon), had only Luck. He married into a small chemical company, enabling him to provide Revson a few thousand dollars of goods on credit to get started. In return, he got a 30% stake in Revlon and, in his words, a rake. For the next 50 years he just raked...
...question is not whether there will be a party schism but when. More is at stake than just ideology. Property worth billions of rubles, ranging from printing plants and party office buildings to Black Sea health spas and a luxury Moscow hotel, is held by the Communist Party. No one wants to be the first to leave the party and risk losing claim to a lucrative chunk of the property settlement when the divorce is completed...
...some groups -- notably internists -- that Congress had intended to help. To make matters worse, the government issued new rules last week that will sharply restrict the circumstances under which doctors may send Medicare and Medicaid patients to clinics and out-patient services in which they have a financial stake. These investments, which have yielded rich dividends for physicians during the past decade, will now have to be restructured or withdrawn altogether...
...regulators took over Mutual Benefit, France's Groupe Axa S.A. agreed to invest $1 billion in Equitable Life, the third largest U.S. life insurer. The deal will give Axa at least a 40% stake in the company. Equitable, plagued by troubled real estate and junk-bond investments, had been seeking a partner to strengthen its finances. The company plans to make an initial stock offering once the Axa deal is completed...