Word: assets
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Dates: during 1980-1989
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...billion that will burden the Time-Warner combination. Although the initial merger deal had been hailed for being debt-free, Time Chairman J. Richard Munro argued that the cash flow of the two companies will be adequate to service the debt. "We hope we can avoid layoffs and asset sales," he said. "The best way to pay off the debt will be through growth." Several shareholders had said they would vote against the re-election of four directors, including Munro and President N.J. Nicholas, but the slate was elected with 74% of the votes cast, or 55% of outstanding shares...
...most controversial provision is that thrifts would no longer be allowed to count as capital an intangible asset known as "goodwill." Typically, this comes into play when an acquirer buys an ailing S & L whose liabilities exceed its assets; the difference is called goodwill. So far, regulators have allowed S & L buyers to count goodwill as capital in exchange for taking the failed thrift out of the Government's hands. But having no capital of their own at stake enabled some thrift owners to make risky and often fraudulent loans without sufficient cash to back them up. Said New York...
Another suggestion that has been offered to ameliorate library space shortage is to make Widener's stacks closed, leaving more room for books. But Feng says this is an unacceptable solution because a researcher's ability to browse the stacks is a valuable asset...
...magic in this business." Whether Cray Research can flourish without its founding genius remains to be seen. Analysts say that within three to five years it should be clear whether the company has wisely cut its losses or created a killer competitor by trading away its most valuable asset...
Sununu pointed to the United States' good relations with China as evidence of Bush's foreign policy prowess. "The greatest asset this President brings to the White House is his experience in foreign policy," Sununu said...