Word: craned
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...share from $40. The management of Garlock Inc., a producer of leakage-control devices for pipes and machinery, last week withdrew a court suit against a tender offer by Colt Industries, which increased its bid to $35 a share from $32. In other tender offers now being contested, Crane Co. is seeking shares of Anaconda Co. and Babcock & Wilcox is seeking control of American Chain & Cable...
...problem, Crane thinks, may be in the form of government. "Under Proportional Representation, incumbents become more aware of their number one supporters. As long as they can keep them happy, they an afford to be independent of their colleagues," he says. Thus you get a Saundra Graham accountable only to her Riverside-Cambridgeport constituency and a David Wylie, responsible for the views of West Cambridge rather than all of the city...
...government class at Harvard they told us that you have to have a government that governs," Crane says. But he adds there isn't one now, just minority representation...
...Crane is a realist and he sees Cambridge's biggest problem as the inability of either side to really "get that five," the magic number that would provide it with a council majority on all issues...
...Crane's role in the history books of Cambridge--he doesn't mind going down as a boss. "In school we were always told that a leader is an old-time boss with a college education," he says. "Anyway," he laughs, "my name was on the ballot every two years for 30 years and if they didn't want me they could have always gotten...