Word: stocked
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Dates: during 1960-1969
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According to an American associate, Eliot Bailen, Onassis "is not an officer of any corporation, domestic or foreign, but an owner holding stock that gives him control of corporations." As a result, he controls some 100 companies in a dozen nations, operating a fleet of perhaps 4,000,000 tons displacement under "flags of convenience." Beyond that, he is engaged in developing the "supertankers of the air," the next generation of giant jets and shuttle airbuses. His investments include hotels, banks, and seaports. But oil shipping remains his principal source of income. In a moment of self-deprecation, Onassis once...
...rights, responsibilities and restrictions-and, indeed, on just who qualifies as an insider. For years, the definition came from Section 16 of the Securities Exchange Act of 1934, which rather narrowly considers as an insider any corporate director or officer, or any stockholder with more than a 10% stock interest. Primarily, Section 16 prohibits short-swing trading-buying and selling stocks within a six-month period...
...current approach is Rule 10b-5 of the 1934 act. A broadly worded regulation against fraud in trading, 10b-5 has been interpreted in the courts to mean that all investors must be guaranteed "equal access" to "material information" that might influence stock prices. In effect, it broadens the definition of insider to include anyone privy to information and requires him not to act on it before it becomes public knowledge...
...formed in early 1966 by a merger between Montecatini, a chemical-minerals complex, and the Edison Group,* a private power company that wisely had begun branching into chemicals, steel and other goods before Italy nationalized power in 1962. Soon after the merger, I.R.I. and ENI began secretly buying Montedison stock. By last week they had accumulated at least 15% of the stock, making the government the firm's largest single shareholder. The state-run corporations set UD a new shareholders' syndicate, in which ENI-I.R.I. will have an equal voice with a group of private holding companies...
Conspicuously missing again this year from the list of nominees was Charlie Brickley '14. Brickley, who holds Harvard football records for career scoring, career touchdowns, career field goals, season scoring, and season field goals, has for years been excluded from Hall of Fame consideration presumably due to a stock fraud conviction...