Word: tycooning
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...That relentless self-reliance helped turn Stewart into a wealthy tycoon. But the future of Martha Stewart Living Omnimedia, the company she founded, will depend on a very different kind of corporate chemistry now that Stewart has been sentenced to serve prison time for conspiracy and obstruction after lying to federal investigators about a stock trade. Standing before Judge Miriam Cedarbaum last week in a courtroom in lower Manhattan, Stewart's voice faltered as she asked for leniency. "My hopes that my life will not be completely destroyed lie entirely in your competent and experienced and merciful hands," she said...
...KILLED. PAUL KLEBNIKOV, 41, editor of Forbes Russia magazine; by multiple gunshot wounds; in Moscow. A former senior editor with Forbes in the U.S., Klebnikov was the author of a 2000 biography of Russian tycoon Boris Berezovsky called Godfather of the Kremlin: Boris Berezovsky and the Looting of Russia. Klebnikov was gunned down outside his office and died en route to hospital...
...Palestinian leader Yasser Arafat, found a rare bit of common ground last week. It came when Israeli Attorney General Menachem Mazuz decided not to indict Sharon and his son Gilad, despite prosecutors' recommendation that the Prime Minister should stand trial for allegedly accepting bribes from a real estate tycoon. That ruling opened the way for Sharon to expand his minority coalition to include, at least potentially, the dovish Labor Party. Sharon wants Labor onboard to help push his plan for a withdrawal from Gaza; Arafat believes Labor in the government would ease pressure from the U.S. and Egypt to reform...
...occasionally reverberated with gunfire and car bombings from triad gang battles. The gambling business?which contributes 75% of Macau's government's revenue and supports the city's only major industry, tourism?has been the exclusive province of Stanley Ho, an elusive 82-year-old casino-and-property tycoon. His company, Sociedade de Turismo e Divers?es de Macau (STDM), has not kept gaming operations in step with the times. The Lisboa hotel and casino, the flagship of 12 Macau gambling houses owned and operated by Ho, opened in 1970, and years of hard use are reflected in the venue...
...president of Ayala Corp., helped transform a swampy outskirt of Manila into the city's financial district; in Muntinlupa, Philippines. A scion of the wealthy Zobel de Ayala family, Enzo, as he was known by his countrymen, had a reputation as a high-flying but hard-working tycoon who later became a generous philanthropist, particularly after a polo accident in 1991 left him paralyzed from the neck down. Recalled fellow Manila businessman Guillermo Luz: "He was proud to be the working rich...