Word: corps
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Dates: during 1990-1999
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...annual gathering at which financier Herb Allen played host at his Sun Valley digs. Nobuyuki Idei was late and tired, and since he was still wearing a suit, he looked like the carbon-copy Japanese manager that Hollywood had taken to the cleaners in recent years. So the Sony Corp. president doffed his jacket and donned a Men in Black T shirt for his big entrance. "Just a little marketing gimmick," jokes Idei. "But the guests congratulated us." Idei got hoots of approval for Sony Pictures Entertainment's biggest film of the year from the likes of Disney CEO Michael...
...million for WebTV Networks Inc., an Internet software provider that uses Sony hardware. IBM's Lou Gerstner could be a key partner in shaping a future DVD format. In May, through Idei's personal connections with Rupert Murdoch, another Sun Valley buddy, Sony announced it would cooperate with News Corp., Fuji Television Network and Softbank, the Japanese company that owns Ziff-Davis and the comdex computer shows, in a venture to start JSkyB, a 150-channel satellite broadcasting service in Japan...
...issue is being organized by a New York-based postal agency, Inter-Governmental Philatelic Corp. (IGPC), along with the Smithsonian Institution's Center for African-American History and Culture and Howard University's African-American Resource Center...
First he lost a bidding war for Paramount Communications in 1994. Then his effort to take over CBS collapsed at the last minute. But last week Barry Diller, who masterminded the rise of the Fox Network for Rupert Murdoch's News Corp. a decade ago, was no longer a mogul-without-portfolio. Diller, who heads up the unglamorous HSN, whose holdings include the Home Shopping Network and a stake in Ticketmaster, struck a deal for nearly $4.1 billion with Seagram Co. that lays a foundation for his own entertainment empire. Diller, 55, will pay Seagram $1.2 billion in cash plus...
Looks like checkout time for Hilton Corp.'s Stephen Bollenbach. After an entertaining nine-month battle, replete with name calling, to buy ITT and its prized Sheraton properties and Caesars hotels and casinos, Bollenbach came up empty. But the escape from Hilton cost ITT its independence. Fearful that ITT shareholders would accept Hilton's $70 a share offer in two weeks, ITT chairman Rand Araskog pulled a rabbit out of a hat by agreeing to sell ITT to Starwood Lodging for $82 a share. That's 17% more than Hilton's "final" offer...