Word: buyer
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Since 1979, the Orioles have been the property of Washington Trial Lawyer Edward Bennett Williams, famed counsel to Joe McCarthy, Jimmy Hoffa and the Birdman of Alcatraz. No local buyer could be found when Williams bought the team for $12 million; now it is said to be worth $60 million. Williams' general manager until last October, Hank Peters, insists that "winning and losing are both team efforts" and the blame for the Orioles' decline belongs to "me, the owner, the manager, the players and the farm system." But the emphasis should be on the owner. Like...
...Tigers in China. Each company brought a key ingredient to the partnership: GE shared its high-tech engine core, while the French firm contributed financing from its government. Yet, says Jean Bilien, head of the partnership's marketing company, "for nearly five years we had an engine but no buyer." The partners won their first contract just when the French government was on the verge of withdrawing its support...
...operation and a troubled discount division. He transformed many of the remaining stores, filling them with attractive specialty departments. When Ward returned to profitability, achieving record earnings last year of $130 million, Mobil moved to get out of the retailing business while it could demand a good price. The buyer: none other than Bernard Brennan, who headed an investor group that agreed last month to pay $3.8 billion to take the company private...
...Latin term that anyone even remotely connected to Harvard can translate is veritas. A more useful term for the Harvard Board of Overseers might be caveat emptor let the buyer beware...
...C.C.I.A. suggests that wary consumers look first at prices. An overcoat made from even the lowest grade of cashmere should cost at least $800 and a sweater $200. Then the buyer should examine the craftmanship. If the lapels and buttonholes are poorly finished, chances are the material is as second- rate as the work...