Word: blackmailed
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Dates: during 1980-1989
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Last week Disney and St. Regis faced the fact that greenmail is like blackmail: a company that pays once merely invites new demands. Australian Publisher Rupert Murdoch, who owns 5.6% of St. Regis, said that he was raising $757 million to buy 50.1%. Meanwhile, a group of investors headed by Financier Irwin Jacobs revealed that it had bought 5.8% of Disney and wanted more. St. Regis and Disney took no immediate action in response to the moves by Murdoch and Jacobs. The companies will surely think twice before paying more greenmail...
...Kremlin has more than matched its deeds with angry, at times hysterical, A veritable Niagara of insults and threats continues to flow from the pages of Pravda and the tickers of TASS. The Reagan Administration is accused of plotting "covert subversive activities and terrorism," engaging in a "campaign of blackmail and threats," and "thinking in terms of war and acting accordingly...
...last week after Financier Saul P. Steinberg zapped Walt Disney Productions with a market ploy that made him $32 million richer but may have left Disney much weaker. Steinberg, 44, had just pulled off the latest example of a spreading tactic called greenmail, Wall Street's version of blackmail...
...that his compromising affair made his appointment impossible. TIME has learned that Bloomingdale had been investigated by the FBI as early as the late 1960s, when his name came up in connection with organized-crime figures in Las Vegas. About 15 years ago, Bloomingdale shelled out $5,000 in blackmail because of his habit of beating up prostitutes. Yet despite that record, he was chosen by Reagan as an appointee to the sensitive Foreign Intelligence Advisory Board in 1981. Bloomingdale fell ill shortly afterward...
...outcome of these negotiations. This is especially important with respect to the American intermediate-range missiles in Europe. That deployment makes sense only if the allies genuinely believe that the prospect of a nuclear blow from Europe on Soviet territory will help deter a Soviet conventional attack or nuclear blackmail. If our principal allies do not share this conviction, the psychological basis for the deployment will evaporate...