Word: stuffs
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...allies' hearts sank as Bush stood at a press conference swatting at questions about his own past. He had joked his way through a 30-minute prep session earlier in the day, as if to assure his aides, Not to worry; he had this stuff under control. But he did not. "In the corporate world," he declared when pressed about how Harken Energy had hidden losses while he was on its board, "sometimes things aren't exactly black and white when it comes to accounting procedures." It was a defense that only an Arthur Andersen executive could love. The President...
When Bush went into the oil business in Midland, Texas, he didn't discover enough of the stuff to strike it rich. He merged his first company, Arbusto (Spanish for "bush"), into one called Spectrum 7 in 1984 and then led the struggling firm into Harken's embrace in 1986. In exchange for his 15% stake in Spectrum, Bush got Harken stock worth some $320,000; he was also hired as an $80,000-a-year consultant. Harken founder Phil Kendrick explained it this way: "His name was George Bush," he told TIME. "That was worth the money they paid...
...stock options. But it's the kind of compensation--in the form of stock options--and the perverse incentives that come with it that pose the biggest concern. Because most corporations do not deduct the cost of options from their bottom line, CEOs have no reason not to stuff their pockets with options. So far, Bush has declined to address this crucial accounting issue, and Arizona Senator John McCain's attempts to push it were blocked last week. But in an encouraging development, West Coast real estate firm AMB Property just became one of the few U.S. companies (along with...
...keeping an enemy down but not out is good enough. The Southwest Research Institute in Texas has created a sprayable antitraction gel for the Marines that is so slippery it is impossible to drive or even walk on it; one researcher describes it as "liquid ball bearings." Spray the stuff on a door handle, and it becomes too slippery to turn. The antitraction gel is mostly water, so it dries up in about 12 hours. It is also nontoxic and biodegradable...
...past Davis has sampled music close to his own tastes--funk, hip-hop and R. and B.--but other DJs caught on and started copying his style. Now he looks for the stuff they pass over. In 2000 he struck an obscurantist's mother lode. His local record shop, Village Music in Mill Valley, Calif., bought the entire stock of a defunct 1980s dance-music store at an auction. Davis went mad flipping through 10,000 records--mostly rare new wave European singles--that had been frozen in a storage locker for the past decade. "DJ Shadow is my best...