Word: bankrupted
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Dates: during 1980-1989
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King, Scondras and Bozzotto also blasted Harvard's policy of "intensive dialogue" with companies doing business in South Africa. Scondras added that the policy "is South morally and intellectually bankrupt," and Bozzotto said President Bok would soon have to taken account of "the growing movement against apartheid...
...Prospect St. center's problems began last year, according to the union's Joseph A. Twarog, when the Department of Public Health cited it for several violations. During the summer, the home went bankrupt and was supervised by a court appointed receive until a new owner, Joseph G. Pallotta, bought...
...comparison, Conrail has made a full-throttle recovery. Formed in 1976 from the bankrupt Penn Central and six other failed lines, the Consolidated Rail Corporation cost the Government about $7 billion before it began turning a profit in 1981. The line earned an estimated $500 million in 1984, up from $313 million in 1983. To reach that goal, Conrail cut its work force from 100,000 to 39,000, trimmed track mileage from 17,500 to 14,000 and turned over passenger lines to state authorities in New York, New Jersey, Connecticut and Pennsylvania. The company won major concessions from...
...Bill, then went to work for Mike Todd, the Broadway and Hollywood showman. McGowan subsequently launched several firms in electronics and computers, retired rich at 39 and took a trip around the world. Bored, he moved into the field of venture capital. That was how he discovered a nearly bankrupt little company that was trying to start microwave phone service between Chicago and St. Louis. For $50,000, McGowan bought half of it; his shares are now worth about $50 million. "Challenging the monopoly had one irresistible element," McGowan says. "It had never been done before...
...fact, as your question implies, the present system is lousy for the plaintiff as well as for the defendant. Where do you get these millions? When you sue CBS they drag you through the courts and they make you go to depositions seven days a week and you're bankrupt...