Word: salomone
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...even for pros. It seemed unlikely that anything so complex could be widespread. But with WorldCom, as House Financial Services Committee chairman Mike Oxley, an Ohio Republican, says, it looks like "good old-fashioned fraud." Oxley's committee subpoenaed Sidgmore, Sullivan, Ebbers and Jack Grubman, telecom analyst for the Salomon Smith Barney unit of Citigroup, to a July 8 hearing. Not to be outdone, House Energy and Commerce Committee chairman Billy Tauzin, a Louisiana Republican, announced his investigation and ordered that by July 11 WorldCom turn over all records relating to its internal audit and five years' worth of accounting...
...beckoning American road. The diverse panorama of American cities. The excitement of the great American sport. Alan Salomon is devoted to them all. And so, nearly every summer for the past 20 years, Salomon, 62, a divorced free-lance writer from Memphis, Tenn., has taken off for a week or two on a baseball road trip. Usually tracking his beloved St. Louis Cardinals, he drives by himself to as many as 15 games in different stadiums in a particular region of the country. When he isn't munching on hot dogs and rooting for his team, he takes time...
Road trippers such as Salomon who follow their favorite major or minor league baseball team--or just enjoy the color and variety of new destinations and stadiums--are becoming a more frequent sight at games across the country. The number of people 50 or older who go stadium hopping is growing 10% to 20% a year, says Jeff Wills, vice president of marketing for Roadtrips Inc., a sports-travel company based in Winnipeg, Man. His company arranges regional multicity baseball trips to the 30 major league North American parks...
...planning can get intricate. But baseball aficionados wouldn't trade their road trips for anything. "Seeing the monuments to greats like [Babe] Ruth and [Lou] Gehrig at Yankee Stadium is a slice of history at its very, very best," Salomon says. "Couple this with the freedom to get in my car and leave when I want to, and I have the perfect vacation...
Spitzer is extending the probe. He has subpoenaed from Salomon Smith Barney and Morgan Stanley the annual self-evaluations, in which analysts justify their requests for bonuses. The statements could reveal that analysts' recommendations helped win investment-banking business, a potential conflict of interest. Says Spitzer: "It certainly will be instructive to see what they say about themselves." Count on some more Spitzer headlines before he's done...