When Kohlberg Kravis Roberts leveraged Storer Broadcasting, Drexel created a payment-in-kind preferred as the junior security and insisted KKR give warrants to buy common stock as a sweetener.

FORBES: Dow Jones Interactive

What does seem unlikely is that a junior security guard would be able to record hundreds of hours of confidential conversations simply by placing a tape recorder under a sofa, which is what Mr Melnichenko claims to have done.

ECONOMIST: Schemes and scandals in Ukraine | The

It was New Labour all the way until the junior social security minister decided he did not want to play along.

BBC: Special Report