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Creditors want to get paid, shareholders want her out, and the SEC is looking into the company's accounting practices, but in defending her turf, Wachner could well redefine tenacious. And she'll have help. Her circle of support includes such corporate heavyweights as former American Express chairman Harvey Golub, a new Warnaco board member, and Citigroup boss Sanford Weill, whose Citibank, along with J.P. Morgan Chase, is part of a collection of banks that will provide Wachner with $600 million in debtor-in-possession financing. That will buy her a few months to try to clean things up. "Under...
...passed a key test. Originally conceived around 1980 (in the course of elementary-particle, not astronomical, research), the theory says the entire visible universe grew from a speck far smaller than a proton to a nugget the size of a grapefruit, almost instantaneously, when the whole thing was .000000000000000000000000000000000001 sec. old. This turbo-expansion was driven by something like dark energy but a whole lot stronger. What we call the universe, in short, came from almost nowhere in next to no time. Says M.I.T.'s Alan Guth, a pioneer of inflation theory: "I call the universe the ultimate free lunch...
...there are billions more that Harvard spreads out among select external managers, primarily Charlesbank and Highfields Capital, which now manages almost $2 billion, according to SEC filings...
...reasonable: Stop for 60 seconds, let the muscles rest a bit and catch your breath. Then continue with renewed vigor and resolve, having made the superior tactical choice. The only drawback to this is that it has never worked for anyone, ever, anywhere on earth. Stopping for "just a sec" during an endurance event is comparable to taking a "quick look" at the core of a nuclear reactor just to see if it is melting down or not. It is a sure route to quitting without thinking through an adequate escape plan, thus maximizing the humiliation without gaining even...
...from defectors led Kerrey's squad into a trap. Chastened by the killings in Thanh Phong, Kerrey had decided to take these targets as prisoners. As a result, he told TIME last week, "I think I almost got some of my men killed that night." Instead, in a 90-sec. fire fight, seven V.C. were gunned down--but not before a grenade landed on Kerrey's foot, shattering his leg and wounding his groin, chest and face. Declining morphine for the pain, Kerrey refused to relinquish his command until he had got his men to safety...