Word: tycoon
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...Kremlin may have hoped that by jailing Mikhail Khodorkovsky on tax evasion charges, they would eliminate any political challenge represented by the oil tycoon. Instead, the prison experience may be honing Khodorkovsky's credentials as a future challenger to President Putin - and, say his lawyer and a former KGB man who worked for his oil company, prompting the authorities to resort to some old Soviet tricks to stop...
...Thaksin, a telecom tycoon who took office in 2001, has sired plenty of quarrels lately. Since January his critics, centered around Bangkok and the insurgent-plagued southern part of the country, have used the $1.9 billion tax-free sale of his family-owned firm to foreign investors as a rallying cry for demonstrations demanding change. Their noisy campaign prompted Thaksin to dissolve parliament and call snap elections, confident that his party machine would deliver the necessary votes on Apr 2. It did - over 50% of Thai voters kept the faith with the ruling Thai Rak Thai party, especially...
...West Snubs East I was very surprised by the Europeans' resistance to Indian tycoon Lakshmi Mittal's takeover bid for Arcelor steel [Feb. 13]. We in the East are working very hard to establish societies based on European values. But the European hostility toward an Indian's move into their world has shattered our confidence. On the merger issue, it is very sad to note that the Europeans turned out to be as conservative as any traditional Easterner. Their reaction confirmed that a strong psychological barrier between West and East still exists. Anis Alam Saeed Karachi...
...unfortunate that Canadians will remember the Torino Olympics [Feb. 27] more for the quarterfinal elimination of our men's hockey team than for our record haul of 24 Winter Olympic medals. Theo Luykenaar Burlington, Canada Learning Europe's Values I was very surprised by the Europeans' resistance to Indian tycoon Lakshmi Mittal's takeover bid for Arcelor steel [Feb. 13]. We in the East are working very hard to establish societies based on European values. But the European hostility toward an Indian's move into their world has shattered our confidence. On the merger issue, it is very...
...early 1990s Sondhi's Manager Media Group owned an assortment of magazines, newspapers and satellite channels. In Bangkok and other Asian cities, Sondhi was a fixture on the social circuit. "I was a very arrogant young man at that time," he recalls. In Bangkok, he met another upcoming media tycoon. Thaksin and he "were never friends, only acquaintances," Sondhi insists. But soon they were doing business together. In 1992, Thaksin invested in the share offering of IEC, a mobile-phone handset distributor that Sondhi had bought and which sold handsets to Shin subsidiary...