Word: foreign
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Dates: during 1980-1989
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...proved so treacherous for foreign owners? For one thing, mergers in general are risky propositions; an estimated 50% of domestic U.S. takeovers later end in divestitures. When a foreign business attempts a long- distance marriage with a U.S. company, the obstacles to success rise even higher. One problem is the ambivalence of U.S. workers toward their foreign bosses. More than 75% of U.S. adults surveyed in a poll conducted last spring for a group of Japanese firms agreed that foreign acquisitions have boosted U.S. economic growth, employment and competitiveness. Nonetheless, nearly 75% viewed the increased foreign presence as undesirable...
...Several foreign owners have enjoyed almost instant success with the U.S. companies they took over. One such corporation is Bertelsmann, the West German media giant, which has engineered turnarounds at RCA Records and Doubleday publishing. But a surprising number of other foreign investors have so far proved luckless on U.S. turf. Among the pitfalls found in TIME's survey...
...takeover may help inflame growing U.S. anxiety about foreign investment in American companies. Last week the U.S. Department of Transportation persuaded Alfred Checchi, who led a $3.6 billion buyout of Northwest Airlines, to reduce the participation by KLM Royal Dutch Airlines in the deal from $400 million to $175 million. DOT officials said they would also scrutinize plans by British Airways to invest $750 million in the $6.8 billion employee purchase of United Airlines. Transportation officials said one concern is that foreign investors might share inside knowledge about U.S. airlines with their own governments, thus undercutting U.S. negotiations with other...
...politics, sees Sony as a company that zealously lobbies for its own interests and stands to gain substantial influence over U.S. public opinion. Just as overseas firms are barred from owning U.S. television stations because of the potential for spreading propaganda, Choate notes, limits should perhaps be placed on foreign ownership of Hollywood studios...
...Sony is only one of the foreign investors rushing to claim a stake in Hollywood. In the past year, Britain's Television South bought MTM Enterprises, Australia's Qintex Group reached an agreement to take over MGM/ UA, and Italian financier Giancarlo Parretti acquired control of Hollywood's struggling Cannon Group, an action-picture mill...