Word: blackmailed
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Dates: during 1980-1989
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...just a lot of crap." Says Senator Howard Metzenbaum, an Ohio Democrat: "Pickens makes a crusade out of what he's doing because he can make a lot of money." Many critics have labeled Pickens a greenmailer, a charge he hotly denies. The term describes a type of corporate blackmail in which a big investor buys up stock and threatens to take over a company. His real intention, though, is solely to scare management so that it will buy back his shares at a price that is higher than the market value of the stock and thus not available...
...money." If the Administration did relent and help farmers to get loans renewed, he added, it would be in the hope of winning votes for the sweeping rewrite of farm-price-support policies that Reagan is about to propose. Said Stockman: "Basically we are threatened with a kind of blackmail...
...reverse-English start in selling this program by privately proposing a "contract" to influential Senators: their pledge to vote for the bill in return for the change in loan-guarantee rules that the Administration announced last week. The Senators not only refused but threw at him the same "blackmail" charge he later made to the Budget Committee. Serious debate on the farm bill will probably not begin until late summer, and then it will be enmeshed with the fight over the sweeping cuts in government spending for other domestic programs that the Administration is proposing. The outcome may depend...
...guerrillas, the partnership with Salvadoran laborers offers more than a windfall profit from economic blackmail. There is no evidence that the Liberation Front charges workers a fee for its bargaining "services," but involving themselves in the wage negotiations adds to the rebels' political weight. Last November the rebels began distributing leaflets in one of their mountainous northern strongholds, Chalatenango department, urging local peasants who travel south for the coffee harvest to band together for negotiating purposes. At about the same time, a full-page advertisement appeared in a newspaper in the capital, San Salvador, putting forth wage and working demands...
Some Wall Streeters accused Pickens of "greenmail," the business world's version of blackmail. In a greenmail deal, an investor buys a large enough chunk of a company's stock to pose a takeover threat in the hope that its management will buy the shares at a premium. Pickens denies being a greenmailer, saying that he made a sincere bid to take over Phillips and that all company shareholders will benefit from his actions because the value of their stock will rise. The most venerable greenmail victim of 1984 was Mickey Mouse. Saul Steinberg, a New York City financier, bought...