Word: firm
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Dates: during 1980-1989
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...Ross Johnson, the firm's chief executive, and Edward Horrigan, its vice chairman, an RJR Nabisco bid would take the firm private. The two men, who hold hefty chunks of RJR Nabisco stock, stand to make nearly $18 million each on the deal. While they will probably invest most of their profits in the new firm, that will do little to ease a projected $25 billion debt burden. To pay off the IOUs, RJR Nabisco will probably sell some of its divisions. The proposed deal must still be approved by a group of the firm's directors, but even...
...Very few firms these days are big enough to be safe from takeovers. This year alone, such familiar institutions as Kroger, Polaroid and Bloomingdale's (Federated Department Stores) have come under attack. One reason for the buyout binge is the amount of money available for acquisitions. Private investors have guaranteed more than $30 billion in capital to large takeover funds, providing would-be raiders with the capital to mount their attacks. Kohlberg, Kravis, Roberts, an investment firm with $5.6 billion for use in takeovers, is a leader in the field. Since the takeover funds can borrow against their capital, they...
...national issues outlined in TIME's booklet. Then on Nov. 3, the students and parents will vote for members of Congress and Governors, as well as for President; they will also answer a questionnaire on topics ranging from drug laws to arms control developed for TIME by the polling firm Yankelovich Clancy Shulman. The results from each school will be telephoned to a state coordinator, who in turn will relay the totals to the Time & Life Building in New York City...
...staunch Republican who served as Richard Nixon's Secretary of Commerce, Peterson, 62, has been a consistent and vociferous critic of the Reagan Administration's economic policies. In 1982, while chairman of the investment banking firm Lehman Bros. Kuhn Loeb, he co-founded a bipartisan group that warned of the mounting U.S. budget deficit. Still one of the most powerful men on Wall Street, Peterson now heads the Blackstone Group, a smaller investment house specializing in corporate takeovers and leveraged buyouts. His new book, On Borrowed Time: How the Growth in Entitlement Spending Threatens America's Future, written with Neil...
...should have a firm principle that the relatively well-off should receive zero subsidies, not what's left after you pay taxes, but zero. I say that when a person hits somewhere between $40,000 and $100,000 dollars a year in retirement, if he's got back his contributions plus interest, I'd tax it 100% because the relatively well-off should get no subsidies or welfare at a time like this...