Word: biddinger
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Complicating the issue of faculty salaries, says Stone, are wealthy state institutions like the University of Texas which have begun what could turn into a bidding war with schools like Harvard by offering large salaries and research benefits to "star" professors. He says a principal reason for the Campaign is...
The story had it that Continental was about to fail and that federal officials were trying to persuade another, and healthier, bank to buy it. Dubious as it was, the news managed to cast a long shadow over the whole banking industry. Jittery traders scrambled to sell bank-issued certificates...
Last week Esmark, the big Chicago conglomerate, announced that it was approving a $2.4 billion takeover by Kohlberg, Kravis, Roberts & Co., a New York City investment firm. A bidding war for Esmark, whose brand names include Avis car rental and Max Factor cosmetics, might get started. The price of Esmark...
One of the bankers' chief talents is sheer endurance. The work is fast-paced and often requires exhausting hours. The job of ferreting out prospective acquisitions routinely requires twelve-hour days. Then, when the bidding starts, the bankers have to be ready to sacrifice their personal lives to the...
Ownership of ESPN will further ABC's overall dominance in sports programming, an area where the network never settles for the silver medal. ABC paid a record $225 million for television rights to the Summer Games, and the company last January won an auction for the 1988 Calgary Winter...