Word: disney
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Dates: during 1980-1989
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...whom she took to a Dallas taco joint. While he showed her how to eat healthily even there, she thought ravenously of "guilty nachos." Discovering Orlando, Fla., Schwartz announced, "Forget singles bars, forget computer matchmaking, forget gourmet dating clubs. If you want to meet a man, head straight for Disney World . . . I was there last week-and so were half of the divorced fathers in America...
While Miller and other Disney executives have survived for now, their company emerges from its battle with Steinberg in a much weakened position. Arvida and Gibson are not natural business partners for Disney, yet they have more than doubled Disney's debt load, to $850 million...
...tactics used by Disney and other greenmail targets came under very strong criticism last week. Said Jay Marshall of Merrill Lynch: "Clearly, in many cases, the executives are just messing up the company. Management's feeling is: cripple us, poke out our eyes and maybe they won't like us any more." That kind of scorched-earth policy may save the jobs of top management, but it does not help investors, who see the greenmailer make a huge profit while their shares decline in value. Said T Boone Pickens, a frequent opponent of entrenched corporate offi cials...
...Management at Disney is not too different from a lot of other managements across corporate America. The last thing they think of is their own shareholders...
...greenmailing of Walt Disney was successful, but it may change the whole greenmail game. The New York Stock Exchange and the Los Angeles office of the Securities and Exchange Commission are looking into possible insider trading of Disney stock. The SEC had already pro posed legislation that would require stockholder approval of stock buy-back plans, and the Disney debacle is sure to win it support. Moreover, Democratic Congressman Timothy Wirth of Colorado has conducted hearings that may lead to a legislative crackdown on questionable takeover tactics...