Word: auction
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Dates: during 2000-2009
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...away from displays that implicitly indict them. Even some blacks are ambivalent about how to treat the knowledge that their ancestors were once bought and sold. Ten years ago, Colonial Williamsburg, the open-air museum in Williamsburg, Va., presented an outdoor re-enactment of a 1773 estate auction that included the sale of slaves. The hope may have been that the performance would help Williamsburg fight off criticism that it tended to sugarcoat the rough realities of colonial history. But the re-enactment was met by a public protest organized by the Virginia coordinator of the N.A.A.C.P., who complained that...
...Right Result It may have confounded the Wall Street investment banks, which usually take a larger commission from such deals, but so far Google's unusual IPO has been a hit for a happy handful of investors. Those who waded through the search engine's complex Dutch auction got the stock at $85 a pop, $23 less than the original lowest price expected, then saw it rise more than 27% in the first two days of trading. That put the stock at $108 - exactly where co-founders Larry Page and Sergey Brin advised it would be. Along with CEO Eric...
...game and, improbably, coming out on top. Although much media coverage of Google?s Initial Public Offering portrayed it as a debacle, it was anything but. Brin and Page defied conventional wisdom by launching an IPO that marginalized middlemen and flustered investment bankers. The end result of its Dutch-auction: the company raised $1.67 billion in cash and millions for its individual employees. But it wasn?t without some turbulence. Brin and Page ran afoul of the SEC, reduced the number of shares sold and slashed the offering?s price-range - to mention just a few of the final hour...
Traditionally, tech IPOs start at low prices, which are then quickly forced up by market demand. But Google is using a complex online Dutch auction system, in which the share price will be determined by the highest bidder. Google's SEC filing warns of a possible "winner's curse," in which the price drops at the start of actual trading. Still, some investors will be winners in any event. Google employees stand to make an average of $2.8 million at the estimated share price. Page and Brin themselves are set to make a one-day profit of $130 million each...
...issues and recorded St. Anger, which became its fourth U.S. No. 1 album when it was released worldwide in June 2003. But what's most captivating about Monster is that the camera never looks away and Metallica never hide. Hetfield pouts. Ulrich luxuriates at a New York City auction house while one of his paintings by Jean-Michel Basquiat sells for $5.5 million. Hammett is so indecisive that you wonder how he manages to pick a guitar chord. Even performance coach Towle, a middle-aged man in a series of Cosby-meets-Rorschach sweaters, throws a small fit when...