Word: tycooning
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...photos that have accompanied scores of magazine and newspaper articles on Rafik Abdelmoumèn Khalifa's spectacular rise as an international financier and jet-setter who hung out with celebrities like Bono, Pamela Anderson, Sting and Gérard Depardieu. But this particular shot of the Algerian tycoon is featured in a picture of a different kind: a mug shot on Interpol's Wanted list, where it was placed by Algerian authorities seeking to prosecute Khalifa for alleged crimes linked to the rise and fall of his €1 billion empire. When Algeria issued an arrest warrant last month...
...election is so hard to predict that it's no wonder some powerful players are hedging their bets. Broadcasting tycoon A. Jerrold Perenchio, who was Davis' largest individual campaign contributor, has joined Schwarzenegger's team of economic advisers, according to the Sacramento Bee. Investment banker Warren Hellman, who is contributing to the antirecall effort, also turned up among Schwarzenegger's advisers. "I'm dead set against a recall," says Hellman, "but if it happens, I want to be supporting someone I'm enthusiastic about." By Terry McCarthy, Sonja Steptoe and Karen Tumulty
...Your article "Tomorrowland" described building tycoon Minoru Mori's self-appointed mission to improve Tokyo's "terrible" quality of life and make the city more livable. Mori deserves credit because he's looking to cut commuting times from three hours to a few minutes?for a select group of people, that is, those who can afford to pay. The monthly rents for bigger units at Mori's Roppongi Hills complex are higher than $8,500. That only a minuscule percentage of Tokyo's residents can afford this luxury housing is perhaps a minor detail to Mori. Amitabh Shukla Tokyo...
...perplexing. A former official in the Soviet Communist Party youth organization, Komsomol, he had until recently the reputation of a secretive, careful operator who accumulated a fortune by deal making, not confrontation. Putin, meanwhile, has a proven track record of destroying business magnates who cross him. The media tycoon Vladimir Gusinsky opposed the war in Chechnya and failed to back Putin in the presidential elections. He was briefly imprisoned (though not convicted of any offenses), lost his empire and now lives overseas. The billionaire Boris Berezovsky, who helped Putin get elected but broke with him soon after...
...HENRY TANG The 50-year-old textile tycoon was plucked from the private sector last year by Tung to become his Secretary for Commerce, Industry and Technology. The word around town is that he's ambitious and desperately wants the top job. But several embarrassing gaffes (the 1997 financial crisis was "very good" for Hong Kong) and his lack of political experience may preclude his ascent...