Word: trusts
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...impoverished backwater into a modern nation with the world's 13th largest economy. This week, however, one of the most powerful fell from his pedestal. Lee Kun Hee, 66, the chairman of Samsung Electronics, shocked South Korea by resigning after being indicted for tax evasion and breach of trust...
...year - has prospered over the centuries by keeping it simple. Two-thirds of its income still derives from providing rock-solid banking services - deposit-taking or loans, say - to its wealthy customers through just a pair of London branches. (Investment or financial-planning advice and help with tax or trust issues bring home the rest.) And with the Hoare family's seven managing partners on the hook for all of the bank's liabilities, there's nothing fancy about its approach to risk. Some 40% of C. Hoare & Co.'s deposits are turned into secured loans for its own customers...
...recovering presidential candidate, let me remind Red Sox Nation that it's not how you do in April, it's all about winning in late fall. Trust me, I know. On a serious note, everyone needs to exhale. This guy has been baseball's best big game hitter the last three seasons. It's April. It's cold. He's coming back from knee surgery. Get out of his way. Give him air. Let Papi be Papi. For once, can we not be the Chicken Little Nervous Nellies of yesteryear? This guy carried us to two World Series championships...
...stepped down after being indicted last week on charges of tax evasion and breach of fiduciary trust. Lee's son also resigned from his post at the company. "I have regrets," Lee said in a brief televised address broadcast on national TV. "But I think this is time for me to leave, taking all the mistakes of the past with me." Lee said he would "take full responsibility, both moral and legal...
...profession, scrutinizing journalism in light of Hogue’s actions: “While it is facile to equate journalism with lying, it is also true that both actions share in common an unpleasantly instrumental approach to people and language that diminishes the common store of trust. The subject has no power to alter a reporter’s approach to his or her subject, or to take back a single word that they said.” Told in Samuels’s clean and direct style, “The Runner” manages to find reflected...