Word: chaining
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Dates: during 1980-1989
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...Sisyphus, I. I cling to my rock, you don't have to chain me. Stand back! I roll it up -- up, up. And . . . down we go. I knew that would happen. See, I'm on my feet again. See, I'm starting to roll it up again. Don't try to talk me out of it. Nothing, nothing could tear me away from this rock...
...past year the Pillsbury Doughboy has not had much reason to let out his giggle. While Pillsbury enjoys strong sales of vegetables, baking products and other grocery items, its restaurant division, including the Burger King chain, has lagged. In the Minneapolis-based company's most recent fiscal year, earnings plummeted 62%, to $69 million, on revenues of $6.2 billion, as the company closed nearly 100 restaurants and sold its Godfather's Pizza chain...
Suburban Chicago's Oberweis Securities, a fast-growing small firm before the crash, abruptly halted its expansion plans this year. James Oberweis, the company chairman, decided to diversify by selling 50.1% of his brokerage to another firm and expanding his family's dairy company by buying a chain of ice-cream shops. Says Oberweis: "The ice-cream business is a lot better than the brokerage business these days...
Next door to the Sweetwater, the ZanzibarRestaurant and Tropical Dance Floor was lookingfor people as well, but they were closed, which,to be truthful, was not a disappointment. Down thestreet, a music store window had a sign for dataentry people. I went up three flights of stairsand through two chain-link security doors to betold, "Damn, I asked them to take that sign outlast week." The data entry folk looked nice; theyhad a great view over the Common and a very mellowboss with a mustache and jug ears, who explainedto me that they're the people who rent musicalinstruments...
Flush with cash, Haft raised $250 million more in junk-bond financing for his Dart Group, which owns 262 Trak Auto and 212 Crown Books shops. Within a year, Dart mounted unsuccessful takeover campaigns for the May department stores, the Jack Eckerd drugstore chain and Beatrice. Profits on those raids: $13.2 million. The Hafts' biggest score came in October 1986, when the Safeway company paid Dart $59 million to go away, so that the chain's management could execute a $4.1 billion leveraged buyout of the firm. Dart's total take at the Safeway checkout stand: $137 million. Six months...