Word: yachting
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Dates: during 2000-2009
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...been selling looted works. A former museum official says the museum did not buy anything it "knew or strongly suspected came from an illicit source." The Times also reported that the trust's president, Barry Munitz, has had the Getty spring for such perks as first-class plane tickets, yacht rentals and a Porsche SUV (which he reportedly directed should have "the biggest possible sunroof"). Because the Getty is a nonprofit institution, taxpayers would be underwriting his airline legroom, and the California attorney general is investigating the spending...
...were, without a doubt however, warned against this sort of young love. Mother, Oprah, and that same aunt (then with her second husband who owned a yacht in Boca) repeatedly uttered to us during family reunions, Florida vacations, and late-night talks on the summer house porch: “Wait, wait, wait.” Each would explain in initially self-righteous tones and subsequently half-veiled pleas that a woman just doesn’t know herself till she’s 30. They’d raise their voices and stare us down, one hand clutching...
...Minneapolis junkman, Jacobs learned to spot value early in life, and by the 1980s he was plying that trade on Wall Street as a corporate raider, even making a run at Walt Disney. In 1992 he made a different play, buying most of the junk bonds of yacht builder Carver, which had used the high-priced debt to gobble up a portfolio of boat brands and got into deep trouble when recession hit. When Carver's owners called Jacobs to negotiate with their new partner, he told them, I don't think you understand; you're out. He had spent...
Icahn deplores wasted opportunity--he even rents out his yacht when he's not using it. His companies have more than $400 million in property up for sale because he believes the real-estate market is a bubble. He donated $10 million for a stadium project in Queens, N.Y., then negotiated to draw out the payments. Battling entrenched corporate bigwigs was a central tenet in his raising $2.5 billion for his own hedge fund. "I'm not Robin Hood," Icahn says, "but it's great when you can make a lot of money by helping all shareholders." Some would...
...long will it be before New Orleans is itself again? You hear estimates: three more weeks before it's dry, at least two months for electricity, but a plausible answer is never. Vast tracts of the city--not just shanties but mansions, not just the morgue but the Southern Yacht Club--aren't salvageable. They all sit in what is called "floodwater" but is really a solution of oil, feces, battery acid, human and animal rot, burst containers of bug spray and paint thinner and nail polish and antifreeze. The primary sensory experience of New Orleans now is the smell...