Word: tycooning
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...erase the pervasive culture of corruption in public service. There are no guarantees of the real change Mumbai is clamoring for, but, says Guha, "it's more likely now than at any time in the past." And it has already begun. It's there in the frankness of tycoon Ratan Tata's comments about his beloved Taj, acknowledging the "woefully poor" response of the police, and the three hours that passed before the fire engines arrived. It's there in the families of the dead police officers who rebuffed the grandstanding condolences of politicians. And it was there...
...media tycoon Murdoch suddenly agree to grant Vanity Fair columnist Wolff unprecedented access to himself (nearly 50 hours of interviews), his family and his business associates? No one is really sure, least of all Wolff. The hard-charging 77-year-old mogul must be aware that for many journalists, "hatred of Murdoch had come to define the profession." But he and his feuding family--including four adult children, a scorned former wife and his current spouse, 39-year-old ex--News Corp. executive Wendi Deng--nonetheless opened themselves up to biographer Wolff's relentless questioning. The result is an inside...
...themselves the People's Alliance for Democracy (PAD). But they represent neither the majority of Thai people nor universal democratic values. Their mission is to erase from government any influence of billionaire populist Thaksin Shinawatra, who was deposed as Prime Minister in a 2006 army coup. Although the telecom tycoon is beloved by many poor Thais who once gave him a record electoral mandate, the urban middle class, which forms the bedrock of the PAD, accuses Thaksin of being a power-hungry strongman. In October, the former P.M. was sentenced in absentia to two years' imprisonment for a conflict...
...government launched an investigation into loan fraud charges brough against Wong. A year later, Gome announced that the investigation was completed, and its founder was never charged. His recent troubles make him the latest high-profile tycoon to run afoul of authorities. The ranks of recent years' rich lists read like a police blotter. In 2003 Yang Bin, an agribusiness and real estate tycoon once named the mainland's second-richest man, was convicted of tax evasion and sentenced to 18 years in prison. Gu Chujun, once head of a leading appliance company, was ranked China's 20th richest businessperson...
...most rigorous test of Holder's career. Nearly 11 years later, he is reported to be President-elect Barack Obama's first choice for Attorney General. Transition aides, and much Washington speculation, have focused on Holder's brief part in Clinton's controversial last-minute pardon of fugitive tycoon Marc Rich as a potential snare in confirmation hearings. But the behind-the-scenes role Holder played in the Monica Lewinsky probe - a 10-month Justice Department ordeal - offers a much fuller record to scrutinize. And like everything else with that polarizing scandal, Holder's shifting positions at the time...