Word: dividenders
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Dates: during 1990-1999
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Cultural differences between the two companies also aroused a measure of distrust. After the merger agreement in October, Malone presented Bell Atlantic with a list of 23 questions about its management and policymaking methods. Would, for example, the phone company consider cutting its dividend in order to plow more money into capital investment? Bell Atlantic wouldn't hear of it; like other big utilities, the firm considers large and steady dividends to be an important feature of its stock. Smith had at least 40 questions of his own. Could TCI deal with the intense level of regulatory scrutiny that Bell...
...needed political relief. It allows him to do something both popular and tough before having to ask for yet another tax increase to fund his health-care reform package. Unlike the essential, but invisible, benefits of deficit reduction, putting more police on the streets yields an immediate and tangible dividend. And by choosing an image dear to the hearts of Republicans, he had a chance of avoiding another ugly, partisan showdown. The bill's drafters took pains to appeal to the members across the aisle. "We took the best from both sides," said one. "That's what makes...
...chairman Louis Gerstner, hoping to "get behind us this Chinese water torture we've been going through quarter after quarter," announced layoffs of 35,000 employees. The company posted an $8 billion loss for the second quarter and slashed its quarterly dividend from 54 cents to 25 cents...
...Marriott is pleased with the settlement," Stephen F. Bollenbach, executive vice president and chief financial officer for the company, said in the Marriott statement. "It allows us to bring the litigation to a close and to focus our attention on the timely completion of the special dividend...
According to the terms of the split, Harvard will no longer receive a dividend on its preferred stock, and those shares will be convertible only into shares of the highly leveraged Host Marriott...