Word: stakes
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...movies. Pulled into the family business in 1982 by his father and made CEO in 1994, he scored wins by pushing premium brands like Chivas Regal and Absolut, and buying and selling Tropicana for a juicy profit. But Hollywood continued to beckon. He dumped the company's safe, lucrative stake in chemical giant DuPont to buy Universal Studios' parent MCA in 1995 and recording company PolyGram...
...French utility and telecommunications company's stock, he wasn't the only media exec seduced by an ill-considered merger; the wedding of Time Warner (parent of TIME) to AOL comes to mind. But that's not much comfort to the Bronfman clan, which has seen its stake shrivel (in part because of stock sales) from $6.5 billion to a little more than $1 billion. So where will Edgar Jr. get the money for his bid? Analysts say Universal Music Group could sell for about $7 billion, and the rest of the entertainment units--Universal Pictures, TV networks including...
...phone companies aren't off the hook. BT's €8.1 billion pension hole dwarfs its income. And better profits owe more to cost cutting and asset sales than to underlying performance - €1.7 billion of BT's €4.2 billion income was from the sale of its stake in France's Cegetel. Long-term debt also remains staggering. DT, which has a stock valuation of €50 billion, trimmed nearly €5 billion from its debt last quarter, but even if it reaches its ambitious targets for the rest of the year, it will still be left with...
...phone companies aren't off the hook. BT's €8.1 billion pension hole dwarfs its income. And better profits owe more to cost cutting and asset sales than to underlying performance - €1.7 billion of BT's €4.2 billion income was from the sale of its stake in France's Cegetel. Long-term debt also remains staggering. DT, which has a stock valuation of €50 billion, trimmed nearly €5 billion from its debt last quarter, but even if it reaches its ambitious targets for the rest of the year, it will still be left with...
Opponents of paternity justice, even if they don’t like men that much, should keep in mind that it’s not really a gender issue at stake. Paternity fraud devastates not only the men erroneously declared fathers, but also their families. This includes the children who really are theirs, whom they must also support, sometimes on meager incomes. Laws exonerating paternity fraud victims and rescuing their families from undue financial hardship deserve support, not the blind opposition and gendered hostility they have encountered...