Word: swaps
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...policy on promoting the consumption of beer over more potent forms of alcohol. And by promoting beer, I don’t mean selling off the sponsorship of the Harvard-Yale festivities to Miller Brewing Co., but rather avoiding policies which create inherent incentives for students to swap beer for hard liquor...
...former CEO Conrad Black and other executives took more than $400 million from the company. Black denies the allegations. But the excesses noted in the report, including those cited here, should interest the U.S. Securities and Exchange Commission, which has launched its own investigation into the company: The Apartment Swap The Blacks "swapped" their flat for one that Hollinger owned in the same building, diverting "a $2.5 million value from Hollinger to Black" The F.D.R. Papers Black had Hollinger "pay $8.9 million to acquire Franklin D. Roosevelt papers and memorabilia without ... board approval." He was writing a biography of F.D.R...
...largest bank, with assets of $1.7 trillion, outstripping U.S.-based Citigroup and Japan's Mizuho Holdings. But Yoshifumi Nishikawa, SMFG's iconoclastic CEO, has refused to bow out gracefully. Shortly after MTFG's deal was announced, he offered to merge with UFJ in a one-for-one stock swap valued at $29 billion?a generous 30% premium to UFJ's average market value over the past six months. "We went public with the merger proposal so that UFJ management and shareholders can decide on the better partner," says SMFG spokesman Takashi Morita, espousing sentiments rarely heard in Japan. "Valuing transparency...
What happens when a Prada-loving, Pilates-driven wife and mother from Manhattan trades places with a woodchopping, school-bus-driving, working-class mom from rural New Jersey? Not exactly what you'd expect. Welcome to the premiere episode of Wife Swap, ABC's riveting examination of family values (Wednesdays, 10 p.m. E.T.) starting Sept. 29. Unlike Trading Spouses: Meet Your New Mommy, Fox's current version of the same concept, Wife Swap involves no monetary reward. Just a simple premise: two matriarchs from different worlds swap lives for two weeks. One of the most entertaining new entries in reality...
...first time that Zennstrom has pursued a counterintuitive business model. In 2000 he and Skype co-founder Janus Friis launched Kazaa, a peer-to-peer exchange that allowed users to swap music and videos online. Now Zennstrom is at the vanguard of voice over Internet protocol (VOIP), a technology that lets voice traffic travel over the Internet. Gartner Inc. analyst Katja Ruud estimates that about 100 million people worldwide will use VOIP by 2008. Even telecom giants like AT&T, BT Group and Verizon realize they have to offer VOIP. Zennstrom practices extreme VOIP: free calls and free software...