Word: bylaw
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Dates: during 1980-1989
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...concerned, the takeover drama should be called Mission: Impossible. Wall Street analysts agree that a hostile assault would cost at least $4 billion, more than Turner seems capable of raising. CBS has bolstered its defenses by eliminating a company bylaw that allowed a minority of shareholders to call special meetings. In addition, the company opened a $1.5 billion line of credit with a consortium of banks; it could use the funds to buy other companies, making it harder for Turner--or anybody--to swallow CBS. The maneuver churned up rumors that CBS might merge with Time Inc. or sell...
Games against either Brandeis or NYU would have put Harvard in violation of NCAA bylaw Ll:le, which states that "any [basketball] team wishing to remain a member of Division I cannot play more than tour games against teams outside Division...
Reardon cited the bylaw's ambiguity as his chief reason. "The rule reads 'no more than four games," said the Harvard director of athletics, adding that it fails to mention anything about scrimmages...
Reardon said the scheduling mixup occurred because both he and McLaughlin had still been working under the former "75 percent rule" that predated the new bylaw and which required only three-quarters of a Division I school's opponents to be from within the division...
Under the proposal associate members would not be able to vote or propse bylaw amendments buy would be subject to the attendance rules of the council...