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Word: bonderman (lookup in dictionary) (lookup stats)
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...unorthodox agreement, Northwest will buy 14% of Continental's common shares--but 51% of the company's voting shares--effectively creating a domestic and international network to compete with megacarriers like United and American. The Continental shares are being sold by Air Partners, controlled by investor David Bonderman. Continental was operating on a wing and prayer five years ago when Air Partners and Air Canada (which since sold its shares) each invested about $50 million to lift the carrier out of bankruptcy. Last week Air Partners sold its remaining shares for $519 million. The alliance will boost Northwest and Continental...

Author: /time Magazine | Title: Allied Air Force | 2/9/1998 | See Source »

...MAJOR INVESTORS IN CONTINENTAL AIRLINES AND NORTHwest Airlines are quietly talking merger. DAVID BONDERMAN, whose investor group controls 28.7% of Continental Airlines, and RICHARD C. BLUM, a key Northwest Airlines board member, recently held a secret meeting in the very conspicuous Hotel Bel-Air in Los Angeles. If the two can work out the snags -- such as the fact that Air Canada owns a chunk of Continental -- Bonderman and Blum could make a deal that would shake up the airline industry...

Author: /time Magazine | Title: Continental Drift | 5/10/1993 | See Source »

...lost its prized family spirit, which some critics say led executives to place loyalty to the company above respect for the law in the campaign-fund scandals. Five men - Heltzer, Cross, Hansen, Bennett and former Chairman William McKnight - have agreed to pay the company $475,000 to settle the Bonderman suit. McKnight offered to contribute $300,000 of his own funds, even though he was not implicated. "These other men don't have the kind of money I do," explained McKnight, now 87, whose 3M holdings are worth about $200 million...

Author: /time Magazine | Title: Business: The High Price of Illegal Gifts | 3/24/1975 | See Source »

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