Word: suspicions
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...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...
...what really hurt was the suspicion that some of the fires they were fighting were set by their own people. Just three weeks after the discovery that Colorado's vast Hayman fire was started by Forest Service worker Terry Barton, officials announced that they suspected the so-called Rodeo blaze in Arizona had been set by part-time firefighter Leonard Gregg so that he would get paid to help...
...political establishment turned against him. Messier further alienated his countrymen by publicly firing Pierre Lescure, long-time president of subsidiary Canal Plus, just weeks after giving Lescure two years to reverse the pay TV station's losses. The move provoked open rebellion by the channel's staff and increasing suspicion that Messier was preparing austerity measures to include slashing Canal Plus' funding of French cinema - thus ending its central role in preserving the cultural exception he had declared dead. Messier certainly had reason to economize. In March Vivendi revealed 2001 losses of €13.6 - the largest in French history - mostly...
...cusp of change? Conceivably. Since 2000 the count of U.S. billionaires and millionaires has declined. Wealth momentum and hubris are slowing and possibly reversing. Enron et al may be crystallizing the beginning of a new popular suspicion of corporations. Debate, at least, is finally being joined...
...proof came two weeks ago, when Moroccan police in Casablanca announced the arrest of three Saudis--Zuher al-Tbaiti, Abdullah al-Ghamdi and Hilal Alissiri--on suspicion of plotting an attack on an American or British warship in the Strait of Gibraltar. (The group had been planning to buy a Zodiac motorized skiff, which could have been used for an attack like the one on the U.S.S. Cole in 2000.) Moroccan officials tell TIME that they started tailing the group after a tip from the U.S., which had been questioning Moroccan al-Qaeda detainees in Cuba. The detainees told...