Word: acquiree
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In his latest book, Two-Factor Theory: the Economics of Reality (coauthored by Patricia Hetter), Kelso maintains that the American system is "coming apart" because of its "defective financial and economic framework." One of his most potent arguments is historical. Until the close of the frontier, even the poorest laborer...
Present stockholders might logically object that issuance of so many new shares to finance plant expansion would dilute their equity in corporations. Kelso notes, however, that stockholders' proportional share in the old assets of a company would remain the same; only the new wealth created by expansion would be...
Sensible Match. Wall Street's depression has also led to a rash of merger discussions; strong firms are trying to acquire weaker ones, and undercapitalized houses are wooing those that are better financed. During the 15 months ending April 1, the number of New York Stock Exchange member firms...
Finding Money. The airlines are 'particularly active hotel builders. Inter-Continental, which is owned by Pan American World Airways, is building in Prague and Bucharest, and this month the 360-room Duna Inter-Continental opened in Budapest. Hilton International, which is owned by Trans World Airlines, this year will...
Our education should tell us what we want to know. And what we want to know is: Why is so much punishment inflicted on these human beings to make them secretaries, students, deans, janitors, parents, professors, alumni? Why these suits that are so ill-suited to our bodies, these conventions...