Word: defend
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Dates: during 1980-1989
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Corporate Raider T. Boone Pickens of Texas has long argued that his takeover forays are in the best interest of small shareholders. Now Pickens has a lobbying organization to help him defend that proposition. Last week in Washington, the wily acquisitor unveiled the nonprofit United Shareholders Association. The group's first goal: a "one share, one vote" rule that would hinder corporate managers from foiling takeover proposals that come up for stockholder votes. At many firms, management-controlled ballots carry more weight than an equal number of votes controlled by those of small stockholders. Said Pickens: "Shareholders are treated like...
500th officials, like their 350th ancestors, have had to defend them-selves against charges that their party is a mere fundraiser in the guise of a more sacred event. (The white males who ran Harvard in the late 20th century went to their graves denying the much-rumored connection between the surplus from the 350th and the subsequent development and deployment of the Harvard Space Shuttle, which proved invaluable when the College opened its Lunar Extension School...
...Others defend the performance of CBS's management team. "Wyman is doing what's necessary," says Edward Atorino, media analyst for Smith Barney. "He's taking the heat for doing exactly what (Capital Cities Chairman) Tom Murphy has been doing at ABC and getting a lot of applause for." Wyman, meanwhile, admits that the turmoil at CBS has been distracting. Other companies can deal with their problems in relative private, he says, but in network TV it "turns into a soap opera." And a darn good...
...like drinking lemonade." Seagram's Bronfman, of course, disagrees, "We make it crystal clear that these are alcoholic beverages and must be handled as such. It's not fair to say that we encourage abuse by introducing new products." Innovation is a strategy that beverage makers will stoutly defend, since the market today belongs to the lightest, the sweetest and the newest...
...Bonafini says, the mothers' is a "fight for the morality of this country, which is no more and no less than to defend life. And to defend so strongly the lives of our children, one must defend the lives of all citizens of this country...