Word: yachting
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Suddenly, just as creditors were beginning to wise up, Maxwell disappeared from his 180-ft. yacht and was found floating near the Canary Islands. An autopsy ruled that he died of either a heart attack or drowning, or a combination of the two. But as investigators sifted through the mess he left behind, the suspicion grew that "Cap'n Bob" had deliberately abandoned ship. The most shocking discovery was that he had secretly and improperly "borrowed" $1 billion from worker pension funds to keep his companies afloat. While Maxwell's son Kevin struggles to manage what's left...
...TURNER'S LIFE MAY BEST BE UNDERSTOOD AS A startling series of narrowly missed disasters. When he skippered his yacht in Britain's prestigious Fastnet race in 1979, he was so absorbed in victory that he did not even know a gale was killing 15 yachtsmen in the boats behind him. His costly acquisition of MGM's movie library in 1986, widely considered a bonehead move at the time, now looks like a bargain the Japanese would envy. The Atlanta Braves, which Turner bought in 1976, snuffled along in the gutter for years, then went from last place to first...
...sure, efficient way of outliving his father. For the one lesson Turner drew from that suicide -- the lesson he repeated year after year to his children -- is that people should never set goals they can reach. "My father told me he wanted to be a millionaire, have a yacht and a plantation," says Turner. "And by the time he was 50 he had achieved all three, and he was having a very difficult time." Turner has carefully arranged to avoid that situation. "I'm not going to rest until all the world's problems have been solved. Homelessness, AIDS...
Donald Trump's jet is gone, his yacht repossessed, his casinos are ailing, but he still has plenty of financial advice. Anybody care to listen? . . . The art market collapsed after its 1980s hysteria. Old masters still fetch a fortune, but the products of hustlers like Julian Schnabel have fallen off the wall . . . L.A. Gear, the trendy sneaker outfit that not long ago talked of whipping Reebok and Nike, has proved that when it comes to athletic shoes, fashion is fleeting . . . Louisiana voters were spared the ex-Klansman and instead got the twice-indicted womanizing gambler. Some choice . . . Clark Clifford, former...
Months before Maxwell vanished from his 180-ft. yacht, there was a growing fear that he was having trouble meeting his repayment schedule. With the American and European economies starting to sour, Maxwell was faced with declining cash flow and debilitating debt payments. Despite his eroding financial condition, however, he was able to pass annual audits by leading European accountants Coopers & Lybrand Deloitte. That enabled Maxwell to add on more debt in March when he purchased the Daily News from the Tribune Co. by assuming as much as $35 million in obligations...