Word: buyer
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...Star Wars or a Forrest Gump. It's also possible that Ovitz was unsuited for the position. As a talent agent, he is a seller in a seller's market; the studios want his clients and will pay hugely for them. As MCA czar, he would have been a buyer in that market. The fellow who helped jack up the price of the product would now be asked to run a lean, mean company. It's like putting the mice in charge of the pantry...
...acquire EMI, known for such performers as Garth Brooks and Sinead O'Connor. Or Murdoch might go after the 15% stake in Time Warner, worth about $2 billion, that the Seagram Co., which recently bought MCA and its Universal Studios, may be ready to unload. But another buyer for those shares, the phone giant AT&T, is rumored to be in talks with Time Warner...
...does the Coop exist? To carry textbooks, offer posters in September, sell a few clothes, perhaps, and offer a good deal on CDs--if you get a frequent buyer's card and take advantage of student discounts. But outside of that, we can't really say. It's time to jettison those weak departments, even if they do fill up all the space in that huge building. Daniel Altman...
...announcing his intentions, Kerkorian boosted Chrysler's stock price $9.50 a share. That was still $6.25 below his offering price--a sign that Wall Street was not fully convinced the bid was for real. But it increased the value of his $1.4 billion stake by $355 million. If another buyer emerges to outbid him, it would send his stock up further still. Or he could play the greenmailer, persuading Chrysler management to offer him a premium on his shares as an incentive to go away...
...million at last estimate-Iacocca has never been able to move as an equal among the billionaire financiers who own companies and don't just manage them. At Kerkorian's $55 offering price, his $50 million in Chrysler stock would increase in value $20 million, and more if another buyer steps forward. "I'm not greedy, but I watched the stock go from $59 to $39 in 12 months," Iacocca told Time last week...