It is also assumed here that he liquidates at time t the replicating portfolio for (mathcal {C} ) so that his endowment at time t equals (widehat {V}_{t} x,mathcal {C}) := V_{t} x,p^{r}_{0} x,mathcal {C}), widehat {phi },mathcal {C})), where (widehat {phi }) is a replicating strategy for (mathcal {C}) on [0,T].
Soon after, he liquidated much of that, returning nearly $3 billion of capital to shareholders through stock buybacks, and disappeared into a 100-year-old clapboard house in Norwich, Vt.
Other moves seemed simply unwise: A few weeks ago, he disclosed that he had liquidated a $68,000 retirement account, a move that is widely discouraged by financial experts and that probably cost him about $24,000 in taxes and penalties.
The day he announced that he had liquidated the remainder of his Netflix holding, the stock was trading at about $96 dollars, adjusted for the recent 7-1 split.
The deal looks like a victory for Mr. Ratcliffe, who shut the whole facility Oct. 17 while workers considered his offer and on Wednesday announced that he would liquidate the petrochemical operation after the union rejected his plan.
The move, coupled with Cianci's subsequent sale of a motor yacht he had seemed to enjoy, inspired speculation that he was liquidating assets in anticipation of indictment and the threat of forfeiture.
The chief executive of the primary lender to US Airways said yesterday that he would liquidate the airline if unions refused to provide $200 million in additional wage and benefit concessions.
Exit polls indicated that Mr. Iliescu had won 70percentt of the vote in his runoff against Corneliu Vadim Tudor, who had run on a promise that he would "liquidate the mafia" that has drained the economy but is infamous for his magazines' screeds against Jews, Hungarians and Gypsies.
("What do I need? Two suits, a pair of shoes, a toothbrush, that's all I need. A hairpiece?") But the more he explains himself, the more he feeds the suspicion that he was liquidating an asset in anticipation of indictment.
