Word: turneritis
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...recent $54. Yet the cash hoard just keeps growing, rising $7 billion in the first quarter alone. "A lot of investors might think that share buybacks and dividends and paying down debt are the way to go," says Robb Parlanti, a senior portfolio manager at Turner Investment Partners (which owns other energy stocks but not Exxon). "But the bigger question is, What are they going to do to grow the company long term?" That's a question that even the most disciplined companies eventually have to answer...
...Relaxing in his threadbare office in an old villa across from the site of his future headquarters, he couldn't be happier being cast as the underdog. "Some are saying that it can't be done out of Doha," he declares with a bravado that would make a Ted Turner proud. "Well, they always said it couldn't be done out of Atlanta. But CNN proved everyone wrong." Come next year, Parsons will discover if he has done the same. --With reporting by Amany Radwan/Cairo
Like Nixon, Morrow sometimes lets his own internal monologue loose. He spends five puzzling pages comparing Nixon to the actress and sex-symbol Lana Turner, of all people, arguing that they both “were isolated, manipulative, calculating, detached.” Even Morrow acknowledges that the overlong exercise is “on the face of it, a preposterous and frivolous comparison,” and the narrative flow, which is interrupted by a mini-biography of Turner, would have benefited from its absence. At times, the book feels more like a biographical pastiche of famous figures rather...
...Kerkorian sold his stake in the MGM movie studio for $5 billion to a consortium led by Sony. In fact, Kerkorian's dalliance with MGM over the years reads like a sordid back-lot love story. He first bought shares in the studio in 1969, sold MGM/UA to Ted Turner in '86, bought back most of it a few months later, unloaded it to an Italian financier in '90 and bought it again in '96. Whoever got stiffed along the way (and he's been criticized for gutting the studio), it wasn't Captain Kirk; he earned $500 million just...
Berger proves the consummate ingénue in her role as Miriam. She appears perfectly guileless and radiates compassion with each luminescent smile. Her naïveté offers stark counterpoint to Turner’s world-weariness. After she and Turner are discovered she remarks absently, “nothing is likely to come of it.” Turner feebly assents, but hangs his head in defeat...