Word: stockings
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Dates: during 1990-1999
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...three years later, Harvard still owns more than $34 million in Shell stock. Student protests continue today. On Nov. 10 (the anniversary of Mr. Saro-Wiwa's execution), the Environmental Action Committee organized student protests on the steps of Widener and in front of the local Shell station. These were part of an international day of protest against Shell's involvement in Nigeria. Like Mr. Sachs and the 1995 council, we urge Harvard to join us in censure of Shell Oil by fully divesting itself of all Shell stock. BENJAMIN D. TOLCHIN '01, DANIEL M. HENNEFELD '99, DANIELLE C. SCHINDLER...
...Harry Bresky, financial statements filed in the Kahn legal case show that in 1991 he reported a net worth of $84 million. That was back when Seaboard stock was less than half its present value. Like many millionaires, Bresky also enjoyed a comparatively low federal tax rate. On his 1990 U.S. income tax return, he reported adjusted gross income of $2.243 million and paid $503,000 in federal income and Social Security taxes. His effective overall tax rate worked out to 22.4%--just a few percentage points above the 16.8% rate paid by families earning $35,000 a year...
During those same years, the value of a share of Seaboard stock spiraled from $116 to $387, increasing the worth of the Bresky family holdings in the company from $125 million to $425 million...
Today, seven years after the first cease-fire, there isn't even a pretense of a truce. The latest poker game revolves around the new home of the New York Stock Exchange. Now in cramped quarters on Wall Street, the exchange has hinted that cheaper New Jersey real estate looks awfully good to it. In a knee-jerk spasm, New York City and State offered $600 million in incentives--more than twice the amount ever offered to keep a company in New York--to keep the exchange in Manhattan...
...federal excise tax on incentives. Under this proposal, Congress would enact a law imposing a tax equal to the value of the economic incentives granted to a company. In other words, if New York City and State governments were to give $600 million to the New York Stock Exchange, the Federal Government would hit the stock exchange with a $600 million federal tax. Hence no more value to economic incentives. No more bidding wars among governments...