Word: cuttingly
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Dates: during 1980-1989
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...decide whether to turn an unsavory scandal into an opportunity to reform their money-greased political system. That may prove the biggest challenge. Takeshita fell victim to his success at mastering the sometimes seamy rules of the system. In common with other party leaders, Takeshita indirectly received shares of cut-rate stock in Recruit, an aggressive information and real estate conglomerate. In all, Takeshita received more than $1 million in campaign contributions, stocks and secret loans from the company. The money went not to a personal account but to fund campaigns and pay staff salaries...
...apothecary jar. Hoffmann-La Roche last week announced that it plans to restructure its capital by declaring a 50-for-1 stock split. The move will reduce the value of the 16,000 voting bearer shares to about $3,300 each. The overhaul will also cut the price of Hoffmann-La Roche's 61,440 shares of nonvoting dividend-rights certificates, which the company calls Genussscheine or "joy certificates," from about $95,000 to $1,900 and eliminate a cheaper class of stock that was nicknamed Baby Roche. If holders approve the restructuring, as expected, the company will have...
Twenty years ago, a morning on the golf course was a political statement. To the tune-in, drop-out generation, golf meant Bob Hope and his U.S.O. tours, neatly pressed clothes, graying hair trimmed high around the ears and cut well above the collar. Country-club golf was a symbol of everything the young held in contempt, a bastion, perhaps the last, of the back-slapping big business deal. Golf was something for Dad, but not for the new generation...
Although some believe only the truly gauche try to cut deals on the green, negotiating them over drinks after a game is acceptable. Besides, the fairway offers business golfers the chance to probe an associate's psychological strengths and weaknesses. Does the person blame himself or his caddy for a bad slice into the woods? Is she a club thrower or a pouter? Says Hollis Stacy, 35, who has won more than $1.3 million in Ladies Professional Golf Association tours: "If you find people who cheat at golf, chances are they cheat at life." Sports agent Mark McCormack...
...Washington's game plan remains vague. The Administration has pledged that no deal will be cut with Noriega to quash the drug indictments. And a high-level official says that a fraudulent election will prompt the U.S. to consider new "diplomatic, intelligence and military" options, the first time the Bush team has suggested an armed intervention...