Word: tycoon
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...bargain-basement airlines has gotten ugly - and personal. The fighting began when Ryanair launched an ad earlier this year accusing London-based easyJet of trying to hide its on-time flight statistics and depicting the airline's founder, Stelios Haji-Ioannou, with an elongated Pinocchio nose. The Greek-born tycoon was not amused. In a statement last month, he lashed out at Ryanair boss Michael O'Leary and said he would sue. "I am not a liar. That is libelous, and I will seek substantial damages. See you in court, Michael," Haji-Ioannou wrote. Taking a swipe...
Thaksin Shinawatra, the billionaire telecom tycoon who served as Thailand's Prime Minister before being ousted in a military coup, may be a billionaire no longer. On Friday, Thailand's Supreme Court ruled that the government could seize $1.5 billion of the fugitive politician's $2.3 billion in frozen assets after concluding he had enriched himself at the expense of the state through abuse of power and conflicts of interest when he led the country from 2001-2006. The court ruled that the remaining $800 million will stay frozen pending calculation of interest and the settling of other cases...
...Yushchenko and his on-again, off-again Prime Minister Tymoshenko, a former gas tycoon, fell out and failed to effectively tackle Ukraine's rampant corruption as they had promised. When the economy contracted by a massive 15% last year, Tymoshenko's fate was probably sealed. Frustration and disillusionment kept millions of their supporters at home in this month's second round of voting, especially in the pro-Orange West. Yanukovych's core voters in the East and South turned out in force to cast their ballots for his simple message of change...
...Russian authoritarian model is not tempting to many of the oligarchs who back Yanukovych. "They don't want to become politically dependent on Russia. They're worried they'll meet the same fate as [Mikhail] Khodorkovsky," says Viktor Nebozhenko, a political analyst in Kiev, referring to the jailed Russian tycoon...
...surprises, I said; even our routines already supply plenty of those. No extravagance: we're still in a recession. When I read about Naomi Campbell's $1.8 million party at a seven-star hotel in Dubai (still wasn't enough to save the local economy), or the British retail tycoon who marked his 55th by sending his guests a travel wallet with instructions to meet at a London airport and clear their calendar for five days, I'm not impressed; I'm exhausted. I count it as a gift to have reached an age at which I am content...