Word: explains
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Dates: during 1990-1999
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...movie, as I tried to explain in my lecture...deals with the appetite of contemporary consumers," says Huggan, who also calls the movie a "vicious political satire...
Cultural factors also help explain Investcorp's marketing success. When the bank got started in the early 1980s, many of its Arab clients were unschooled in Western business practices. Kirdar was their bridge to the West. He spoke their language, sprang from their culture, yet was Western educated (he has an M.B.A. from New York's Fordham University) and had trained in a big U.S. bank. Kirdar understood his clients' taste in brand names. One reason Investcorp bought Gucci, says an Arab banker, is that "the Arabs wear the shoes." Many were happy to hand millions of dollars to Kirdar...
...rival bidders for allegedly making false statements to a bankruptcy-court judge who had to approve the bid. The complaint alleges that CK Acquisitions failed to disclose that Circle K management would own stock in the retailer after the takeover. (That was an important point because it could help explain why management endorsed the offer.) The plaintiffs are seeking $30 million in actual damages and $200 million in punitive damages. Investcorp's law firm managed to get the action dismissed, but last spring a judge reinstated it, saying the issues were too complex and important to be decided without...
CORRESPONDENT LARRY GURwin knows it sounds old-fashioned, but he still thinks of journalism as a calling. "It gives you the chance to explain a part of the world to people--in my case, what makes financial institutions tick," says Gurwin, a new member of TIME's investigative unit. That dedication is amply displayed in this week's report by Gurwin and Washington correspondent Adam Zagorin on Investcorp, the high-flying and secretive Arab investment boutique that bought Tiffany and Saks Fifth Avenue and engineered the stunning turnaround of Gucci. "Although Gucci is a triumph, many deals have been duds...
...rolled-up newspaper and killed them both. In the time it would have taken to explain things, they would have died anyway...