Word: buys
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Dates: during 1980-1989
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...first the plan seemed like pie in the sky: the 7,000 pilots of United Airlines, the country's wobbly No. 2 carrier, proposed that United's 60,000 employees buy the carrier for $4.5 billion. But with that as an invitation, more seasoned corporate gate-crashers quickly stepped in. By week's end the skies around United were far from friendly, as the possibility of a substantial if confusing takeover play developed around the carrier's parent company, which is changing its name later this month from UAL Inc. to Allegis. Whatever happens next, there is no doubt that...
...described by Dubinsky before about 3,000 United employees at a suburban Chicago sports center, the plan calls for employees to buy the airline by raising $2.3 billion and assuming $2.2 billion worth of the airline's debt. United pilots, who earn as much as $156,000 a year, have volunteered to give up anywhere from 5% to 25% of their salaries to help make the buyout work. A representative of Lazard Freres, the investment banking firm that employees have enlisted to help raise cash for the takeover bid, pronounced the venture "viable." One notable believer in the scheme...
...matter. But Elizabeth Norman, head of the hospital's auxiliary, said she wrote to the Queen Mother about her nieces in 1982 and received a reply. In it, said Norman, the Queen Mum expressed surprise at the news that the two were still alive, and sent money to buy them gifts...
George Washington and Abraham Lincoln, move over! Make way for Mickey and Goofy! Beginning in May, Disneyland's Magic Kingdom in California will begin circulating its own colorful currency, good for admission fees, food and souvenirs. A U.S. $5 bill will buy a slightly oversize, like-valued item featuring the dippy dog Goofy. Mickey Mouse will appear on singles...
...their own decisions. James Kinnear, who has been chief executive for less than four months, may adopt a more democratic management style. But Texaco could have already paid a steep price for its autocratic tradition. It was one man -- John McKinley, Kinnear's predecessor -- who decided in 1984 to buy Getty Oil. At best, he had a good idea that was poorly executed. In any case his decision set in motion the chain of events that would drive Texaco to bankruptcy court...