Word: criticism
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Dates: during 1980-1989
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...Boesky scandal heated up the public scrutiny of takeover artists. Economists and other thinkers wondered out loud whether greed had gotten out of control on Wall Street. "This is no longer free enterprise. It's predators on the loose," declared Investment Banker Felix Rohatyn, perhaps the most outspoken critic of corporate raiding. Observers began to describe the era as a time of paper entrepreneurship, in which a lot of stock and money changes hands but no real work gets done to benefit the economy. "In America, industry has become the plaything of finance," said Robert Reich, a lecturer in public...
Smith did, however, fire back a few potshots at his boardroom critic. Perot "wants nothing better than the best for GM," Smith said, adding that "he is a different type of guy than we are in GM. He is impatient. I think part of it is just his natural inclination. Part of it, of course, is (that he is) not very familiar in total with our business." As for charges that GM gives its executives excessive perks, Smith retorted that Perot's office at EDS in Dallas "makes mine look like shantytown. He has a Gilbert Stuart painting hanging...
...sense of design during ten years on the staff of the architectural magazine Casabella, and made her name as a designer in 1969 with her Olivetti showrooms in Paris and Buenos Aires. "In one way, she's a great success as an architect," says Italy's leading architecture critic, Bruno Zevi, who considers her work inspired and sensitive. "In another, she's unsuccessful -- up to now her work has been limited to various forms of 're': refurbishing, renovating, recycling." But after Orsay, there is no doubt that Aulenti -- who lists her primary modernist influences as Frank Lloyd Wright, Le Corbusier...
Scarcely a week after her government seemed about to falter under intense pressure from within the armed forces, President Corazon Aquino reasserted her authority with skillful timing. First she fired her leading critic within the Cabinet, Defense Minister Juan Ponce Enrile. Then, following three months of negotiation, she reached an agreement with Communist-backed rebels for a 60- day truce beginning Dec. 10. The cease-fire, the first in the 17-year history of the insurgency, will give the government and the rebels a chance to explore the possibilities of a longer-lasting settlement. Moreover, the truce will free Aquino...
...Administration's reluctance to offer companies protection against takeovers may be tested in the new Democrat-controlled Congress. A number of suggestions for legislative reform are already beginning to percolate. Felix Rohatyn, a partner in the New York City investment-banking firm of Lazard Freres and a longtime critic of the stock market's speculative excesses, has proposed a sharp limit on the right of Government-insured pension funds, thrift institutions and trusts to invest in junk bonds. He suggests that takeover bids that are conditional on anticipated junk-bond financing be forbidden as an unfair manipulation of public markets...