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...former Las Vegas Casino Owner Allen Glick explained, an offer he simply couldn't refuse. In 1978, when the Mafia was leaning on Glick to sell his interest in Vegas' sprawling Stardust casino, Kansas City Mobster Carl ("Tuffy") DeLuna was dispatched to deliver him a chilling message. "He said I might think of my life as expendable, but I might not think of my children's lives as expendable," Glick testified. "Then he read off the names and ages of my sons and said if he did not hear the announcement to sell immediately, my sons would be killed...

Author: /time Magazine | Title: Blood Threat | 2/3/1986 | See Source »

Russia's last imperial family, the Romanovs, celebrated Easter with decorative eggs, the traditional symbol of Christ's Resurrection. They were not, however, the kind of gift a child might paint and put in a basket. Beginning in 1885, the Czars commissioned Russian Jeweler Carl Faberge to create a series of egg-shaped treasures. No two were alike, but most were covered with jewels and gold and could be opened to reveal a dazzling surprise, perhaps a miniature palace or a windup train. Before the dynasty was overthrown in 1917, Faberge produced between 54 and 57 of these Imperial eggs...

Author: /time Magazine | Title: Rotten Egg: A Faberge fiasco at Christie's | 2/3/1986 | See Source »

...Monday--At a private auction in Washington, the Administration sells the National Park system to General Dynamics Corp. and the Supreme Court--along with a 25-year supply of black robes--to Carl Icahn, and sells a 99-year lease on the Department of Health and Human Services to a pan-Arab investment consortium. The total proceeds...

Author: NO WRITER ATTRIBUTED | Title: A Banner Year | 1/6/1986 | See Source »

...executives to use borrowed money to acquire a firm. R.H. Macy, one of the most celebrated U.S. retailers, is putting together a similar plan. In entertainment, the American Broadcasting Co., whose treasures include Dynasty, is now the crown jewel of the Capital Cities Communications empire. In transportation, Corporate Raider Carl Icahn is flying off with...

Author: /time Magazine | Title: Let's Make a Deal | 12/23/1985 | See Source »

...hand are corporate raiders and many economists, who argue that takeovers and mergers help to make businesses more efficient. The threat of a takeover can be an effective way of dislodging inept managers. To Carl Icahn, the typical chief executive is merely "a nice guy, a good drinking buddy." Sir James Goldsmith, a feared acquisitor who gained control of the Crown Zellerbach paper company last summer, told Congress that he has freed firms from "the dead hand of the bureaucrat" who produced only "complacency, ossification and decline...

Author: /time Magazine | Title: Let's Make a Deal | 12/23/1985 | See Source »

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