Word: accepter
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...suitors. "Management has often used them as a weapon to defend against hostile takeovers," says Burton Malkiel, dean of the Yale School of Organization and Management. Directors of Storer Communications, a major cable-TV operator, voted last summer to take the company private for $93.50 a share, rather than accept a $95-to-$96 bid from Comcast, a smaller cable company. Revlon pursued a similar path last month when it arranged a complex $1.8 billion transaction that would break up the cosmetics firm but keep it out of the hands of Pantry Pride, a Florida retailer. Revlon suffered a setback...
...only partly softened by humor. In his book he claims that an angry son returned to the town intending to nail 95 complaints about his repressive parents to the door of the Lutheran church. The 34th of these accusations is that the parents made it impossible for him to accept a compliment. It is Keillor talking, no question. Someone says, "Good speech," and he mumbles, "Oh, it was way too long. I didn't know what I was talking about. I was just blathering." Actually, he confesses, "good" is not good enough. "Under this thin veneer of modesty lies...
...citizen of Italy, I apologize for the behavior of my government. It has betrayed the simplest and most necessary principles of human living: justice and loyalty. Italy should have asked that Egypt immediately hand Terrorist Abul Abbas and his criminal gang over to us. Our government's readiness to accept the most infamous conditions forced the U.S. to intervene in the name of humanity and in order to ensure justice. Our country nonetheless managed to complete the betrayal by helping Abbas to escape. Franz A. Cavalleri Erba, Italy...
...piece on Louis Farrakhan [ESSAY, Oct. 21], Roger Rosenblatt says, "The press may or may not 'create' Farrakhan, but it does not create the silent haters." This is true. The silent haters are produced by a nation that will not accept blacks as equals. If everyone in America were truly equal, Farrakhan would be delivering speeches to empty auditoriums. James L. Riddle Oviedo...
...Gorbachev repeat Moscow's line that there could be no agreement on reducing offensive nuclear weapons without an accompanying ban on Star Wars development, but he appeared to retreat from what leniency he had previously displayed. In an August interview with TIME, Gorbachev had hinted that he might accept some SDI research, since laboratory activities cannot be verified anyway. But last week, said one American, Gorbachev seemed to be insisting on a "complete ban on every activity in any way related to strategic defense...