Word: scheme
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...ousted in nine months; the next day board chairman Andres Leuenberger resigned. The 145-year-old company's share price has plunged 80% this year, and investors have turned their wrath on the board and management as investigators have widened their probe into accounting errors and a secret investment scheme that some executives allegedly used to enrich themselves. New CEO Rolf Dörig certainly doesn't have an enviable task. The company will press ahead with a sorely needed rights issue to raise up to $825 million this week, even as investigators and analysts look for more cracks...
...that the new policy is misguided. Indeed, past attempts to micro-manage the market seem to have done more harm than good. In 1997, Hong Kong Chief Executive Tung Chee-hwa embarked on a 10-year plan designed to increase home ownership in Hong Kong. But the subsidized housing scheme ran straight into the teeth of an economic recession, causing home prices to fall more steeply...
...Moscow’s residents support Luzhkov’s plan, while 50 percent are against it. Many have complained that on two previous occasions during his mayoralty, Luzhkov rejected the initiative of bringing back Dzerzhinsky’s statue. Rumors have swirled that he is now endorsing the scheme to curry favor with Russian President Vladimir V. Putin, an ex-KGB colonel...
...former MIT student pleaded guilty last week to mail fraud stemming from a scheme involving the sale of computers and other equipment stolen from MIT over the Internet auction site eBay...
...presided over some of the agency's most controversial operations during the Vietnam War and Watergate eras; in Washington. The famously secretive spy master plotted to overthrow Chilean President Salvador Allende and assassinate Cuba's Fidel Castro with, among other things, poisoned cigars. Domestically, Helms headed a legally dubious scheme to spy on anti--Vietnam War activists. Fired by President Nixon for refusing to block an FBI probe into the Watergate break-in, he was later found guilty of covering up spy operations in Cuba and Chile to congressional investigators. The conviction, Helms said, was "like a badge of honor...