Word: terming
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...formed in the late 1960s and taken public, Starr was given hundreds of millions of shares of the new company. Controlled by AIG executives, Starr was given the shares as a defense against hostile takeovers of the insurance giant. Five years later, Starr set up the disputed long-term compensation plan that for many years rewarded AIG executives from Starr's trove of company stock when the insurer's profits increased...
Though Frans A. Spaepen will wrap up his term as interim dean of the School of Engineering and Applied Sciences on July 1, he isn't finished with temporary positions just yet. The applied physics professor will serve as interim director of the Center for Nanoscale Systems, where his most visible responsibility will be the far-from-nano task of reducing the center's $6.1 million budget by as much as 20 percent while seeking to maintain the quality of its research opportunities. Colleagues praised Spaepen both for his administrative experience and his background as a material scientist...
...term bachelor - previously meaning a young knight or a student with a bachelor's degree - first appeared in reference to an unmarried man in Geoffrey Chaucer's Canterbury Tales in the 14th century. The term bachelor party didn't appear until 1922, however, when it was first used in the Scottish publication Chambers's Journal of Literature, Science and Arts to describe a "jolly old" party. The event is known by different names in different countries: the stag party in the U.K., Ireland and Canada; the buck's party in Australia; and, with typical panache, the enterrement...
...returned to the subject for a book, The Art of Making Money: The Story of a Master Counterfeiter. Williams took a stab at making an honest living, but eventually returned to counterfeiting and was arrested again in 2007. He's currently serving a federal prison term scheduled to end in 2013. Kersten spoke with TIME about Williams' remarkable criminal career and the odd allure of duplicating dollars...
Perks for Beltway Regulars. Got sticky long-term business on the Hill? The Sofitel Lafayette Square in Washington, D.C., is offering patrons free chauffeured Town Car service to morning appointments downtown and complimentary long-term storage of personal belongings, like clothes, toiletries and documents, which will be placed in your room ahead of each arrival. If you tell the hotel the brand of your electronic devices prior to your visit, Sofitel will even provide power cords and accessories. Rates start from $295 to $510. 806 15th Street, N.W., Washington...