Word: carling
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Dates: during 1990-1999
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EDITORIAL FINANCE: Genevieve Christy (Manager); Patricia Hermes, Esther Cedeno, Morgan Krug, Katherine Young (Domestic); Camille Sanabria, Carl Harmon, Sheila Charney, Aston Wright (News Service); Linda D. Vartoogian, Wayne Chun, Edward Nana Osei-Bonsu (Pictures...
...celebrate his victory in the hostile takeover battle for Trans World Airlines in August 1985, corporate raider Carl Icahn donned a pilot's cap and uniform jacket and paraded triumphantly around his Manhattan office. The parade didn't last long. Plagued by labor strife, mounting losses and bruising competition, TWA became more of a financial straitjacket for the erstwhile wizard than the trophy he had envisioned. In recent years, as he struggled to keep the now bankrupt carrier aloft, Icahn groped for a graceful way to bail out. Despite near frantic efforts, he was unable to find a willing buyer...
...been widely accepted wisdom that corporate raider Carl Icahn launched his hostile takeover of Trans World Airlines six years ago in order to greenmail management into paying a higher price for his stock. Icahn confounded the skeptics by actually taking control and running the airline, - but he has made no secret in recent years of wanting out of his money-losing investment. Throughout last week, Icahn and TWA's labor unions hammered away at a deal that would turn over the airline to its 28,000 workers and allow the New York takeover artist to bail out and save face...
...Bousquette (Researchers) Bureaus: Martha Bardach, Sahm Doherty, Leny Heinen, Stanley Kayne, Glenn Mack, Barbara Nagelsmith, Anni Rubinger, Melanie Stephens, Simonetta Toraldo Photographers: Terry Ashe, P.F. Bentley, William Campbell, Greg Davis, Rudi Frey, Dirck Halstead, Kenneth Jarecke, Cynthia Johnson, Shelly Katz, David Hume Kennerly, Steve Liss, Christopher Morris, Robin Moyer, Carl Mydans, James Nachtwey, Matthew Naythons, Robert Nickelsberg, Chris Niedenthal, David Rubinger, Anthony Suau, Ted Thai, Diana Walker...
IMAGING: Mark Stelzner (Manager); Gerard Abrahamsen, Lois Rubenstein (Supervisors); Charlotte Coco, John Dragonetti, Paul Gettinger, Raphael Joa, Kin Wah Lam, Carl Leidig, Linda Parker, Robert Pfleger, Mark P. Polomski, Richard Shaffer, David Spatz, Lorri Stenton, Paul White