Word: yachting
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Dates: during 2000-2009
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...fried, conch fritters have an almost indefinable,spicy-with-a-hint-of-the-ocean taste. A home-cooked staple, conch fritters also feature as appetizers in many a Bahamian restaurant. Try them (six for $4.75) at local favorite The Poop Deck: sit on the veranda overlooking the harbor and yacht-watch, or enjoy the views of Paradise Island just across the water. But if you've worked up an appetite climbing the 65 steps of Nassau's Queen's Staircase (carved out of limestone by slaves at the end of the 18th century to mark 65 years of Queen Victoria...
...stock options. When WorldCom's growth machine began to sputter so did its stock price, denting Ebbers' net wealth. Yet he tapped WorldCom's cash reserves for hundreds of millions of dollars in loans to buy even more stock plus a huge ranch in British Columbia, a Georgia yacht builder and a minor league hockey team. (He still owns a golf club and a lumber business in Mississippi.) To keep WorldCom afloat, prosecutors charge, Ebbers allegedly resorted to a combination of hype, hidden expenses and phantom revenue to inflate earnings by all those billions and perpetuate the illusion that WorldCom...
Lawyers for Dennis Kozlowski, former CEO of Tyco, take this line of reasoning further. The Wall Street Journal called theirs the "brazenness defense." Kozlowski made no secret of the fact that he used Tyco money for a yacht, kept his mistresses on the payroll and (possibly therefore) also let Tyco finance a $5 million diamond ring for his wife. How could he have criminal intent if it was all out in the open? By contrast, Scott Sullivan, former CFO of WorldCom, engaged in a more traditional form of gall in pleading guilty to $11 billion worth of accounting fraud...
Potts was at a ceremony in New Orleans where his father was named Commodore of the Southern Yacht Club...
...family kitty). "Forbes remains a very strong franchise," says Steven Cohn, editor in chief of Media Industry Newsletter. "If they sold their estate in Colorado, I'd be more concerned." The Forbes family also has property in Normandy and London, many more paintings and historical documents, and the Highlander yacht...