Word: dayton
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Dates: during 1980-1989
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Tooling around Washington in his black stretch limousine and sporting a snow- white pompadour, Herbert Haft, 68, may look more like a Hollywood agent than a predator who strikes terror in the hearts of corporate executives. But the roster of giant retailers -- including the May department stores, Dayton Hudson and Safeway -- shaken up by his Dart Group (1987 revenues: $406 million), based in Landover, Md., has earned Haft and his eldest son Robert, 35, Dart's president, a reputation as two of the most feared raiders on the roiling retail scene. Just ask the 2,257-store Kroger grocery chain...
...fierce battle for $10.6 billion Dayton Hudson last fall fizzled when the stock market crashed. Like other raiders caught in the middle of takeover attempts, the Hafts took heavy losses ($104 million), selling off their Dayton Hudson shares at a sharply lower price. But they were on the trail again by January, closing in on Stop & Shop. Kohlberg Kravis Roberts stepped in, as it had with Safeway, to help engineer a leveraged buyout, but the Hafts made $17 million dumping their stock as the price rose. Wall Street wags joked that Kohlberg should pay Dart a finder...
...line drew large cheers. Sam Donaldson, poking back for the Doonesbury cartoon, told Brountas, "We can't use that." But, of course, he did. On the flight back to Boston, press secretary Dayton Duncan celebrated with a slug of bourbon: "We made the evening news." This, admittedly, was a paltry triumph for the nominee of a major party in September, but it conveys the dire mood that had prevailed in the Dukakis camp and the elation over the shifts that were under way. "This is not brain surgery," said Francis O'Brien, a Sasso recruit to the campaign. "Republicans have...
When James Dorsey, an unemployed teenager from Detroit, packed his bags to go to Dayton last summer, he looked forward to a promising new beginning. He enrolled in classes at a U.S. Job Corps residential training center, hoping to qualify for a clerical job. But Dorsey had hardly started classes when he was summoned to the program's medical office for an unpleasant surprise. He was informed that he had tested positive for AIDS antibodies during his required physical exam, then dropped from the program. "The world was pulled out from under me," recalls Dorsey, who has no symptoms...
...Billionaire Sam Walton from his Bentonville, Ark., home base. Between 1983 and 1987, its annual sales increased by a phenomenal 240%, to $16 billion. That surge lifted Wal-Mart to the No. 3 spot among retailers, ahead of J.C. Penney (1987 sales: $15.3 billion), Federated ($11.1 billion) and Dayton Hudson ($10.7 billion). In the past, Wal-Mart has concentrated on rural areas and not posed much of a threat to Sears, K mart or other established chains. But now Wal-Mart is expanding menacingly into several larger cities, including a few choice locations in K mart's home state...