Word: firm
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Dates: during 1980-1989
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There are master manipulators at the studios. They know some exposure is a heaven-sent perk, like last month's 60 Minutes report on a murder case that inspired the new Meryl Streep film A Cry in the Dark. But they also know their job. So they hire a firm to tape a generic interview with their star, then send local TV stations a cassette in which the star's comments can be intercut with questions posed by a station reporter. It's no-fault, no-sweat, no-work journalism...
...meet its obligations, Manville must squeeze every possible dollar out of its sales of fiber-glass insulation, forest products and industrial goods. During its bankruptcy, Manville slashed costs and reduced its 26,000-worker payroll by 8,000 employees. The firm shut down its asbestos mine, trimmed money-losing subsidiaries, and sold its headquarters building near Denver...
...long-run, as our government becomes convinced that tighter security is necessary to protect the nation's computers. As Harvard officials have noted in reports and speeches in the past, clamps on the free flow of information harm the nation's economy and innovation. Perhaps taking a firm hand with Morris will forestall our nation's leadership from taking more harmful measures...
...will not have to sell off chunks of Kraft to finance the buyout. Said he: "For the vast majority of Kraft workers, this won't have any impact at all." The Philip Morris coup was an unusually smooth resolution. Another KKR fight fizzled last week when the Macmillan publishing firm accepted a $2.5 billion offer from British financier and press lord Robert Maxwell. In Georgia, Joseph Lanier, chairman of West Point Pepperell, which makes Arrow shirts and Martex towels, was determined to beat back a bid for his company from Chicago investor William Farley, whose company makes Fruit...
...marketing philosophy. In a bidding process that may take six months or more, Sears hopes to sell its tower for perhaps six times the $200 million it cost to complete in 1974. In addition, Sears will sell off the commercial-property division of its Coldwell Banker real estate firm for an estimated $500 million, and the health- insurance programs of its Allstate insurance company for $1 billion...