Word: factly
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Dates: during 1980-1989
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...board's moves were consistent with Time's long-term plan to merge with Warner. He wrote, "The corporation law does not operate on the theory that directors, in exercising their powers to manage the firm, are obligated to follow the wishes of a majority of shares. In fact, directors, not shareholders, are charged with the duty to manage the firm...
...that had been found to be true, Time would have been obligated under Delaware law to seek the maximum immediate return to shareholders by auctioning the company to the highest bidder. Paramount's argument that Time's directors were selling the company to Warner rested partly on the fact that the exchange ratio of the proposed stock swap would have given Warner stockholders 62% of the shares of the combined company. In Paramount's view, that situation amounted to a transfer of corporate control...
...Warner shareholders would not be voting as a controlling group in the corporation. Allen concurred: "I am entirely persuaded of the soundness of the view that it is irrelevant for purposes of such determination that 62% of Time-Warner stock would have been held by former Warner shareholders." In fact, he added, "neither corporation could be said to be acquiring the other. Control of both remained in a large, fluid, changeable and changing market...
...chapter on Lenin is the first addition. But the greater number of new chapters came from the fact that, with the years, I understood that the movement toward revolution and its causes could not be understood simply in terms of World War I, 1914. My initial conception was one that the majority of those in the West and East today share, namely that the main decisive event was the so-called October Revolution and its consequences. But it became clear to me gradually that the main and decisive event was not the October Revolution, and that it wasn...
...What is characteristic is that during the years he was active, conservative circles considered him the destroyer of Russia. And the Kadets ((Constitutional Democrats)), who considered themselves liberals but were in fact radicals in the European context, called him a conservative. Actually, he was a liberal. He thought that before creating civil society, we had to create the citizen, and therefore before giving the illiterate peasant all sorts of rights, you had to elevate him economically. This was a very constructive idea. Stolypin was, without doubt, the major political figure in Russian 20th century history. And when the revolution occurred...