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...should have a written succession plan by the time they are in their 50s, especially if adult children have been working in the business, says Michael Fay, senior partner and estate-planning attorney with the law firm Hale and Dorr in Boston. The plan should offer guidelines for the transfer of ownership if one member of the family wants to sell his shares. This usually involves a right of approval by the remaining owners coupled with a right of refusal to buy out a sibling or other family member before a portion of the business is sold. The elders should...

Author: /time Magazine | Title: Business, Too Close To Home | 7/17/2000 | See Source »

Library officials, however, say the Houghton transfer will only enrich the room as an institution, enabling the poetry curator to be a part of the team of people working with contemporary writing...

Author: By Joshua E. Gewolb, CRIMSON STAFF WRITER | Title: Haviaras Retires After 26 Years as Curator of Poetry Room | 7/14/2000 | See Source »

...youth, a privately owned juvenile-detention facility opened there. Here was the state's chance to prove it could run a prison right, even if it meant contracting with an outside company--the Florida-based Wackenhut Corrections Corp. Instead a Justice Department investigation of Jena prompted the state to transfer all the inmates out of there last...

Author: /time Magazine | Title: Jena, La.: Where The Market Fails | 7/10/2000 | See Source »

...again. It's all there in the fine print. It used to be a good deal to travel abroad with a credit card--when foreign-transaction fees were at 1%. Card issuers such as Chase Manhattan have raised them to 3%. Other fees, like cash-advance charges and balance-transfer fees, have risen for holders of Bank of America's and Citibank's cards. Don't forget to pay those bills on time. Late fees have leaped...

Author: /time Magazine | Title: In Brief: Jul. 10, 2000 | 7/10/2000 | See Source »

...decision met by angry cries and shouts from protesters gathered outside the Huntsville jail, Texas's board of appeals announced Thursday afternoon that they would not grant Graham a stay of execution. Graham, who has refused food since his transfer to Huntsville Wednesday, must know he's pretty much doomed at this point; unless the Supreme Court makes an extremely uncharacteristic move and stops the execution on the basis of a procedural question, he'll die tonight. Outside the prison, Jesse Jackson and other supporters are likely to continue their protests and prayers well into the evening...

Author: /time Magazine | Title: The Final Hours of Gary Graham | 6/22/2000 | See Source »

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