Word: donalds
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Dates: during 1990-1999
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Four months ago, when Donald Trump arranged for his publicly held Trump Hotels & Casino Resorts, Inc. to buy his privately held Trump's Castle casino in Atlantic City, New Jersey, for $490 million, shareholders howled that they had been taken by the less than self-effacing subject of Trump:The Art of the Deal to the tune of some $100 million. Trump Hotels stock dropped 30% over the following weeks. More bad news rolled in when a reported $600 million deal to sell half of the Castle to the London-based Rank Organization and transform it into a Hard Rock...
...turns out that the Donald may have left some money on the table. Last week the public company agreed to sell 51% of Trump's Castle to the Los Angeles real estate firm Colony Capital for $125 million in cash. The deal values the property--to be rechristened Trump Marina--at $563 million and wipes $314 million in debt off its balance sheet. Says Nicholas Ribis, president and CEO of Trump Hotels: "[Donald] is vindicated, sure...It's a smart financial deal for Trump and financially for the company...
...Reported by Donald Shapiro/Taipei and James Willwerth/Alhambra
GENTLEMEN: I must confess serious doubts about the efficacy--or even the integrity--of the "classic" exam period editorial, "Beating the System," you reprinted recently. I almost suspect this so-called "Donald Carswell '50" of being rather one of Us--the Bad Guys--than one of you. If your readers have been following Mr. Carswell's advice for the last 11 years, then your readers have been going down the tubes. It is time to disillusion...
...assumption past the grader, then rest is clear sailing. If he fails, he still gets a fair amount of credit for his irrelevant but fact-filled discussion of scientific progress in the 18th century. And it is amazing what some graders will swallow in the name of intellectual freedom. --Donald Carswell '50 This piece first ran on June...