Word: bidding
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Dates: during 1990-1999
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After playing Dartmouth, the Crimson will have only one more game in its regular season against Brown before the NCAA first round teams are announced. The only way Harvard can make it into the NCAA's is if they win the Ivy League--thus assuring itself an automatic bid--so the significance of this weekend's matchup against the Big Green is obvious...
...President. Her state is flying high, with unemployment at a seven-year low and welfare rolls cut 31%. And she is good on the stump: parents constantly push squirming children into her arms and whip out Instamatics to record the moment for posterity. But despite it all, Whitman's bid for re-election is fast shaping up as the cakewalk that wasn't. Her favorable ratings have dipped below 50%, a traditional red flag for an incumbent, and recent polls are declaring the race too close to call...
...betting that MCI shareholders will find his all-cash bid more attractive than Ebbers' higher but riskier offer of stock. Most find cash more fetching. The strategy will force Lee to borrow to the teeth to finance the MCI buyout. The resulting company would have $40 billion in revenues and an unbelievable $54 billion in debt. Lee tried to assure investors that the combined companies would throw off enough cash to cover the interest payments. But the mere thought of that debt burden helped knock nearly $4 off the price of GTE stock last week. GTE finished trading...
Indeed, this battle could be influenced as much by the personal styles of the ceos as by the strength of their bids. Vallance, although he flat-out bungled his MCI bid, could use his 20% stake to provide the swing vote in a showdown. He seems more disposed to side with Lee than with Ebbers, who shattered BT's dream of acquiring all of MCI. Lee and Roberts, both engineers, have a common bond, while the defiantly nontechnical Ebbers is a wildcatter who built WorldCom into the fourth largest U.S. long-distance company through a relentless series of deals. "Bernie...
...pieces in a stiff wind. Until three years ago, the local school was in equally sad shape, plagued by some of the lowest grades and worst attendance rates in the city. All of which might seem to qualify Orchard Hills as a spectacularly inappropriate spot to launch a bid to revolutionize American education...