Word: belled
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Dates: during 1990-1999
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...soak in the "authentic" Hungarian atmosphere with Toni Braxton's "Another Sad Love Song" in their ears, piped in by an outdoor cafe. Television is a hodgepodge of local programming, English-language shows on The Cartoon Network and CNN, and a host of American programs, from "Saved by the Bell" to "Married With Children," dubbed in Hungarian...
...boardrooms, racism in the workplace, like everything else, is primarily an issue of dollars and cents--as in the case of the $176 million that Texaco will pay out to settle a class-action discrimination claim, or the $500 million being demanded from Bell Atlantic in a suit filed by African-American employees last month. Their complaint, which so far incorporates the charges of 126 workers, runs the entire gamut of possible racial bias on the job, from the crudest slurs--an insulting "Nigger Application for Employment" was left on a copier--to more subtle forms of discrimination. Daniel Clark...
...Bell Atlantic has moved to dismiss the lawsuit--the court has yet to rule--and says it will vigorously contest the case. Its work force is 23% black, and so are four of its 22 top executives. Group president for consumer and small-business services Bruce Gordon, a black executive who has been with the company for 29 years, denies there is any consciously discriminatory policy. But he said, "Bell Atlantic is a microcosm of society, and I have to assume there are race-based incidents at Bell Atlantic." In fact, most companies of any size now have diversity policies...
Recall that the old AT&T, the regulated monopoly known as Ma Bell, was busted into eight pieces in 1984. AT&T was granted the long-distance franchise, and seven Baby Bells were created to run local phone services around the country. Weakening Ma Bell's muscle made it possible for others to build competing services. But it left some 3 million AT&T shareholders vulnerable. Suddenly gone was a quintessential widow's and orphan's stock. In its place was a smattering of shares of eight different companies, all entering a brave new telecom world that promised upheaval...
...success of Ma Bell's progeny is no accident. A Penn State study found that the stocks of 161 spin-off companies between 1965 and 1990, on average, rose 76%, vs. a market average of only 43%, over three years. Why? Often spin-off companies become more focused, and because they are smaller they tend to have greater ability to grow rapidly. Meanwhile, there is little evidence that giant mergers create great wealth for shareholders. Just ask AT&T. It paid $7.4 billion for NCR Computer in 1991 and soon gave up on the acquisition, spinning it off to shareholders...