Word: stakes
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...apparently contributed to Burton's death while trying to subdue him. Was his death the result of vigilante justice? No. It was the result of people doing what they had to to save themselves and others. Shouldn't passengers be expected to react strongly when their lives are at stake at 17,000 ft.? EDWARD L. EICHELBERGER Spring, Texas...
...ruling class wants you to vote because voting tricks you into believing you have an equal stake in the power structure. You are less likely to revolt if you feel included in determining who gets to look down Arianna Huffington's blouse at Washington parties...
...limited accountability and poor lending practices. The recent spate of bank sell-offs promises to minimize new losses. "This is the end of crony capitalism," says Pavel Kavanek, CEO of the recently privatized Czechoslovak Commercial Bank (CSOB). "The name of the game now is impartial lending." A majority stake in CSOB was sold to Belgium's KBC Bank in mid-1999 for roughly $1 billion. Last February the government approved the sale of a 52% stake in CS, the bank Mladek originally intended to hold on to, to Austria's Erste Bank for about $500 million...
...Investment and Postal Bank (IPB), which was fully privatized by the time the Social Democrats came to power. It's the kind of privatization that gives sell-offs a bad name. Part of the bank was privatized by the voucher method. Although the state kept a majority stake, that share was subsequently diluted. In 1998 the state unloaded its remaining stake (36.29%) to Nomura, the Japanese investment bank, which resold its shares to a passive Dutch shareholder. At no point did the bank have a strategic investor to oversee its conduct. Depositors panicked last June and took out some...
...month, to $1.16. (It's down almost 70% from its February high of $3.38.) It was dragged down partly by NASDAQ's own lackluster performance, but there was another, more direct cause. Britain's Cable & Wireless, the parent of the Hong Kong firm, dumped a quarter of its 20.1% stake in CyberWorks, acquired after the merger with HKT was approved in August. According to analysts, the move suggested that Cable & Wireless expects CyberWorks' shares to fall further. "Actions speak louder than words," says Henry D.C. Lee, managing director of Hendale Asia, an investment-advisory firm in Hong Kong. "The signal...