Word: stocked
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Dates: during 2000-2009
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...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 to do with the money is more worthy than what the other side...
...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...
Then he burned out. Like others on the executive team, he had made a small fortune in Apple stock - $26 million by some accounts - and he didn't need to work anymore. What he wanted to do, he told Jobs at a meeting in the boss's office one September day in 2005, was build a house on the beach in Mexico, drink margaritas with his wife and toast the setting sun. Rubinstein told Jobs he wanted out. "He goes, 'Really?'" Rubinstein thunders, imitating a man in shock. Then he chuckles...
While I'm not giving up my iPhone yet, the Pre is certainly the first sexy alternative. Palm stock has surged, from $1.42 a share in December to about $13 last week. And the more I hear sources at Apple dissing the WebOS as not being all that revolutionary, the more I suspect this could turn into a marathon after...
...Have you checked your 401(k) balance lately? Since the beginning of this decade, the stock market has been a money pit. At the market's nadir in early March, stock investors had lost more than 50% since March 2000, if you factored in inflation. Things have improved since then--to a mere 40% loss...