Word: franchisees
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-- The newly acquired Eastern Air Shuttle ($365 million), "the single greatest franchise in the world," soon to be renamed the Trump Shuttle, and probably expanded to carry gamblers from New York to Atlantic City so they can get their money to Trump's casinos all the faster.
But while it was relatively easy for Rolling Stone (circ. 1.18 million) to follow its franchise, rock 'n' roll, into the mainstream, Ms. and Mother Jones have not had as clear a path. Named after turn-of-the-century labor organizer Mary Harris Jones, Mother Jones established itself as a...
Many Wall Street insiders thought the KKR bid was as self-serving and hasty as Johnson's offer had been. "They broke the golden rule by injecting their egos into a business decision," said one financier who knows KKR well. "They went after RJR Nabisco to protect their franchise as...
Determined not to let the RJR Nabisco deal get away, Kravis demanded that Cohen come by KKR's Manhattan offices. Chewing out Cohen in front of Shearson aides, Kravis demanded a major role in the buyout, sputtering, "This is my franchise!" Cohen walked out, suggesting they talk again in a...
Despite the efforts of Tampa Bay Bandits' owner John Bassett, the league went ahead with the planned move away from spring football despite the added burden of the bankrupt Los Angeles franchise abandoned by Oldenburg. The USFL didn't take long to sink after the league's failed lawsuit attempt...