Word: bidding
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Dates: during 1990-1999
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...Olivetti and Telecom Italia. Franco Bernabe, who took over as chief executive of the recently privatized Telecom only last November, promised to cut costs $560 million a year, including a staff cut of 40,000 employees, nearly a third of the company's total, if shareholders reject the Olivetti bid. Olivetti in turn promised to cut the staff by 12,000 and to spin off noncore operations if its $58 billion plan, among the largest hostile takeovers in history, is accepted. It's easy to forget that the most famous takeover battle of all time, R.J. Reynolds' 1988 bloody leveraged...
...certain extent, I blame this trend for the current lack of leadership in Washington. President Clinton began his political career with an unsuccessful bid for Congress. How would he be faring on educational issues (which he has ignored so far) if he had started out as a member of the school board...
...raising event, the Texas governor attracted $7.6 million. Bush easily eclipsed all his other rivals, including Elizabeth Dole, the other big name in the GOP contest. Dole raised less than $1 million, suggesting she may be following a dangerous family tradition set by her husband in his failed presidential bid: a slow start. "She hasn't put anything in place quickly," says Dickerson. "She's only announcing her New Hampshire team this coming week." Another big money drawer was former vice president Dan Quayle with $2.1 million. His good showing indicates the GOP contest will contain plenty of thunder from...
...only loser so far in the Internet campaign war is Patrick J. Buchanan. An anti-Buchanan group dedicated to stopping his presidential bid hosts www.buchanan2000.com. Maybe, though, that just makes all the rest of us winners...
Under Massachusetts law, the city could only offer 125 percent of the assessed value averaged over the last three years. The city's bid came in around $600,000, the city manager said in the March 22 City Council meeting...