Word: businessmen
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Indeed, regulators in the free-market-oriented Reagan era seem convinced that bigger is often better. "Reagan's people have allowed the pendulum to swing much, much further in the direction of free and easy merger opportunities," says Robert Pitofsky, dean of the Georgetown University Law Center. "Businessmen see the opportunity to put through deals now that they couldn't have ten years ago." A more zealous Justice Department blocked the merger of two Los Angeles grocery chains during the 1960s on the grounds that the combined firms would claim 5% of the area's food-store business. Today corporate...
Unlike most businessmen, the successful owners cannot afford to drive their competitors into bankruptcy, since they have to have opponents to play against. Under the agreement worked out last week, the owners are expected to set aside a portion of national TV revenue to help struggling clubs, but the details were still to be specified...
...with gold-mining magnate Patrice Motsepe, 43, whose wealth South African newspapers put at more than $500 million, and banking and media tycoon Saki Macozoma, 47--form a quartet of rich, well-connected black businessmen who symbolize South Africa's new corporate élite. Although they work separately, Macozoma, Motsepe, Ramaphosa and Sexwale have been dubbed the Fabulous Four for their growing power and wealth, and between them, they have more than $1 billion worth of interests in some of South Africa's largest companies, from mining heavyweights Harmony Gold and Gold Fields to life insurer Sanlam and Alexander Forbes...
Frustrated by guerrilla attacks on U.S. citizens in Central America, the Reagan White House has weighed a wide variety of retaliatory moves. The latest of these, prompted by the June guerrilla attack on outdoor cafés in San Salvador, in which four off-duty U.S. Marines, two American businessmen and seven other people were shot dead, called for the bombing of a military base in Nicaragua. According to Administration officials, guerrillas are trained at the base, on Nicaragua's Cosigüina Peninsula for attacks on Americans. One suspect in the June attack was identified and traced to the Cosig?...
...gather regularly at the Kentree Polo Club in Grand Rapids or the Skaneateles Polo Club in upstate New York. Membership in the U.S. Polo Association (USPA) has nearly doubled since 1977, to more than 2,300 people. There are now about 200 polo clubs across the U.S. Even businessmen in their 40s are taking up the game, says Steve Gose, owner of the 250-member Retama Polo Center in San Antonio. "They're like weekend duffers in golfing. They'll never play in tournaments, but they enjoy...