Word: stewart
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...Dawn is then banished until the final chapter, and the story is taken up by a second narrator, Tom Stewart, a British lad who makes the sea trip to Hong Kong in 1934 at age 21. It's here that the narrative slows. On the trip east he meets Sister Maria, a Chinese nun "not so much pretty as perfect." She somehow teaches him Cantonese in six weeks, they become friends and Tom launches his career as a hotelier in Hong Kong, where his Chinese gives him a double-edged insight into the divided colony. The years pass and Stewart...
...scandals hitting Wall Street, only ImClone's makes it into the society pages. But Martha Stewart is not the only stockholder of the biotech firm who is coming under suspicion for possible insider trading. Documents obtained by Time show dumping of ImClone stocks by its executives that dwarfed Stewart's $228,000 sale. And their trading preceded Stewart's by weeks, starting just after Food and Drug Administration (FDA) officials met privately with an ImClone vice president last Dec. 4 and informally signaled there could be licensing problems for the company's cancer drug Erbitux. The FDA formally turned down...
...Phone records are also helping investigators pin down just how Stewart may have been tipped off to FDA plans before selling her shares Dec. 27. Sources say her assistant has signed an affidavit revealing that Bacanovic, who was also Stewart's broker, called Stewart's office between 10 a.m. and 11 a.m. on Dec. 27, shortly after Aliza's shares were dumped, and left a message that "ImClone is going to start trading downward." Stewart called Bacanovic's office at 1:30 p.m. Her stock was sold 10 minutes later, sources say. Stewart has denied that she engaged...
...summer not of one scandal but of many-the Roman Catholic Church, and the FBI, and Major League ballplayers on steroids. Comedians joke that Arthur Andersen tries to cover up corruption by rotating accountants from diocese to diocese, that Enron and K Mart will merge so Martha Stewart can design the prison uniforms. In each case it is the mighty who have fallen. The church scandal was as much about complicit Cardinals as about wayward priests; the FBI field agents did their job, but their careerist bosses stuffed all the clues into their desk drawers. As for the CEOs, they...
...always come in a day. It can sneak up, slow and surreal, and you can think you survived it only to find it has barely begun. Now each week brings a new shudder and crack-first Enron and Arthur Anderson, then WorldCom, Adelphia, Xerox and the trials of Martha Stewart. Most Americans-72% in the TIME/CNN poll-fear that they see not a few isolated cases but a pattern of deception by a large number of companies. In one survey, more than half of corporate chief financial officers said they had been pressured by their bosses to cook the books...