Word: starrs
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...insurance company and its former CEO head to court on Monday in a tussle over who should be allowed to keep hundreds of millions of shares of AIG that Greenberg and a company he controls, Starr International, took when he left his former employer. AIG says those shares and the more than $4 billion in profits Starr International has reaped from past stock sales are the property of the insurer and its employees. But rather than fight over the merits of the case, both sides have spent the past few weeks arguing that they should win because what they plan...
...Last week, AIG for the first time said that if it wins it plans to use the money to pay back taxpayers (AIG has received more than $170 billion in government assistance). Previously, the company had suggested that the missing shares should be used to compensate employees. Greenberg's Starr, for its part, has recently been beefing up its credentials as a charity. In the past few weeks, Starr has given out $1.5 million to antihunger and homeless causes in the New York City area. Starr is owned by a nonprofit (thus, it thinks of itself as a charity...
...Here, in a nutshell, is the source of the current disagreement. Back in 2005, Greenberg was the head of both AIG and Starr International, a private insurance company whose main asset was nearly 300 million shares of AIG. For years, Starr had used that stock to dole out retention bonuses to AIG executives. When AIG booted Greenberg, he seized control of Starr and its AIG shares. Greenberg says Starr is a separate company that was set up to use its shares to benefit a charitable trust, and insists it can do what it wants with the shares. AIG says Starr...
...head of covert special forces. The so-called dark or black forces. The ones who stay undercover ... Because of his extraordinarily sensitive position with covert special forces, he is not appearing in public. And so he will not be questioned further by the committee in an open hearing." - Barbara Starr, CNN correspondent, on McChrystal's absence during an August 2007 Congressional hearing over the friendly-fire death of former NFL star Pat Tillman...
...into one buttonhole and watch the fabric being hand-cut with 13-in. scissors. Still, most of their time is spent, needle and thread in hand, in a brightly lit third-floor classroom overseen by two 60-something master tailors who wouldn't know Stella McCartney from Ringo Starr...