Word: stocking
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Dates: during 2000-2000
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...decided to settle, a course Rosenblatt seemed to encourage. Speaking after the verdict, he delivered an unusually angry--and personal--challenge to Philip Morris' CEO. "Geoffrey Bible, I'm available, pal," he bellowed to a crowd of reporters. "Mr. Bible, with all your shareholder meetings and all your stock and your $25 million bonuses, yes, and all your tough talk. Mr. Bible, call me next week. I'll take a payout...
...jazz combo desperately improvises to kill time in an auditorium packed with local school-board members, education bureaucrats and fidgety students. The guest of honor, Lawrence Ellison, 55, is running a little late. Ellison is CEO and founder of the Oracle software company. And today at least, with his stock holdings outrunning those of Microsoft's Bill Gates, Ellison is the richest man in the world. His jet has just touched down at Love Field. So the combo plods on, trying to fill another 20 minutes...
...optimistic note. Clinical trials of a new Lilly drug called Zovant were abruptly halted when it became clear that the death rate of desperately sick patients infused with Zovant was significantly lower than that of counterparts receiving a placebo. When news of this development reached Wall Street, Lilly's stock jumped more than 14 points, to 102, in one day. "We'll know when we get all the data what the drug is truly capable of doing," says Dr. William Macias, medical director of Lilly's Zovant product-development team. "But we hypothesize that it quiets down the inflammation, breaks...
...greedy, consider her husband's five-year deal to serve as CEO of this beleaguered insurance company. Wendt landed a $45 million signing bonus and a guaranteed bonus of up to $50 million in two years--although he did forfeit some GE incentive money. He will also be getting stock, stock options and, oh yeah, a salary of many millions more. His ex will get none of it. As noted, Lorna Wendt won't go begging. But the man she spent 32 years with is now, just a few years removed, infinitely more wealthy than...
...having come of age in a time of unprecedented prosperity, I don't deal well with uncertainty. Three years ago, I happily invested in the stock market; I had absolutely no idea what I was doing, but everyone was babbling about bulls and IPOs and so I thought, what the heck. And now that I've arranged to have money automatically transferred to a mutual fund from my checking account each month (which sounds easy but is actually the result of a stunningly complicated process) and I have no idea how to stop them from taking the money, it looks...