Word: deale
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Dates: during 1980-1989
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Then again, Gelbart received a great deal of help. He based much of his script on transcripts from the Iran-Contra hearings and from Watergate events. The transcripts, of course, might be considered funny in themselves. But Gelbart amplifies the circuitous and consistently evasive discourse of today's politicians by writing in what he calls "half-speak," a play on Orwell's double-speak. A perfect example of half-speak comes when key witness Steward Butler (Harry S. Murphy) says (or rather, doesn't say), "I can only reiterate what I've repeated before...
...developer called the tune, and the council danced as fast as it knew how. The council, in a moment of befuddlement, adopted some easement deal amendments which it thought were harmless. But when the developer protested, the council entered into a complex rigamarole to excise those amendments...
...Under enormous pressure to dispose quickly of a complicated issue, the council demonstrated its confusion and ineptitude. Vellucci voted against his own proposal for negotiations. Danehy amended not the deal with the developer, but a line item estimate in an appraisal report. Graham totally lost track of what she was voting on. Overall, most councilors showed a low level of understanding of real estate economics, and therefore were unprepared to negotiate aggressively on behalf of the city...
Since the RJR deal--the largest-ever leveraged buyout--critics from members of Congress to economic policymakers have questioned the ethics of such hostile takeovers...
This was not the case at Avis, which in late 1987 was bought by its workers for $1.75 billion. For Avis employees, who borrowed all the money for the deal, the ESOP ended ten tumultuous years in which the company had five corporate owners. "We needed stability, once and for all," says Chairman Joe Vittoria, 53, who has worked in the industry since...