Word: breakups
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Goldsmith's takeover strategy was simple. His targets were almost invariably old companies that had strayed from their original purpose through diversification, acquired too many senior managers, and were selling at a good deal below their breakup value. He would break them up, sell off the odds and ends, streamline the core and move on to the next project. Goodyear, which Goldsmith tried to acquire last year, provides a good example. The company's original purpose, he told a congressional committee, "was to build better tires, cheaper, and sell them harder," but it diversified into oil and gas, started building...
...with Roh, who is campaigning as a champion of democracy but is opposed by student activists, and former Prime Minister Kim Jong Pil, a conservative long shot. Warned the Seoul Dong-A Ilbo, an influential paper: "The two must remember that a split in the opposition party means the breakup of power, resulting in self- destruction, for which both must assume political responsibility." The admonition, however, failed to impress the two Kims last week as they waged their campaigns, each confident that he will prevail once the ballots are counted...
...missed. Though her good friend, the aviator and author Antoine de Saint-Exupery, strongly influenced her writing, chronology shows that the work could not have been his. Her third husband, a failed writer named Raoul Schumacher, did some useful editing, but despite embittered statements he made after their breakup, most of her book was written before they met. She was her own writer, her own woman and a force of nature still remembered with awe in East Africa. "I don't think Beryl ever thought how her behavior must have appeared to the people of the real world," a friend...
...simply took out the Yellow Pages and let their fingers do the walking. But these days, the searching shopper must first decide which phone book is likely to have the best answer. Like the good old telephone system, the plain old Yellow Pages has changed considerably since the 1984 breakup of AT&T. Consumers now choose from a virtual home library of competing Yellow Pages, including special editions for children, the elderly, doctors and boaters, and even multilingual versions in Spanish, Chinese and other languages. At the same time, firms like Southwestern Bell are going nationwide to challenge other phone...
...express-mail packet or a courier bearing checks: for the dentist, for college tuition, groceries, sculptures; he personally signs them all. Almost unique among major entertainment couples, Cosby and his wife Camille very seldom grant power of attorney to their business managers. This practice dates from Cosby's acrimonious breakup with a manager in the mid-'70s. At restaurants and shops, Cosby pays cash. Even on major purchases like real estate, he shuns financing. "For people from a lower economic background," he explains, "it means a lot to know something is paid for." The Cosbys' considerable investments are conservative (blue...