Word: billing
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Dates: during 1980-1989
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...said Polaroid's experience helped shape the bill. The instant photography company, which is incorporated in Delaware, made use of a Delaware law that bars completion of a takeover for three years unless the raider either gets approval of the target company's board or buys 85 percent of its stock...
Since the bill was drafted by a 27-member commission appointed by Dukakis and including labor leaders, corporate executives, lawyers and legislators, the measure is virtually guaranteed a solid base of support...
Finally, the bill would require approval from the owners of at least 40 percent of a company's stock to call a special meeting of the company's shabeholders. Now, approval from just 10 percent is needed--a right that was meant to ensure accountability but "has been abused lately" by some hostile raiders, said Stephen B. Kay, a partner in the brokerage firm of Goldman, Sachs & Co. who served on the Dukakis commission...
...joke was on the 15,000 screaming Minnesotans and their beloved Golden Gophers. Peter Ciavaglia mugged Krayer by the far boards. Coach Bill Cleary leaped on to the ice looking for the first player in a Harvard jersey. ESPN's cameras caught him first, conducted its post-game interview and then let Cleary dance all over...
Perspective usually comes in time. Someday Boston Red Sox fans will forgive Bill Buckner for letting a ground ball slip through his legs in the sixth game of the 1986 World Series...