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Search results for "Trans World" ...
"The story of Trans World's aluminum empire is filled with bribes, shell companies, profiteers, and more than a few corpses. Then again, in today's Russia, that's pretty much par for the course." In 1999 Fortune was invited by Simon and David Reuben, owners of Trans World - previously Russia's second largest aluminum producer - to engage in a deep investigation into all of their empire's questionable business dealings. During the 90's Trans World was immersed in a world of corruption and money laundering, they were also suspected to have ties with the Russian Mafia.
The Times examines the Rams' move to St. Louis in 1995. An escape clause buried deep in a 100-plus-page lease with the Rams makes a mockery of the 30 - year commitment that Frontiere made. It would allow the Rams in 10 years to break the lease, skip town and leave the $720 million tax-payer financed Trans World Dome empty.
Time magazine reports on how corporations are using Chapter 11 laws to stiff creditors, leading to a call for Congress to reform the law to stop abuse.