Word: freedly
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...sure, there are solid business reasons for taking a company private. Once freed from the need to satisfy Wall Street stock analysts and short-term shareholders, who often demand ever rising profits each quarter, corporate leaders can focus on long-term goals. Says Dean Meadors, a spokesman for Mary Kay Cosmetics: "Going private gives us the opportunity to get out of the fishbowl and to make marketing decisions in a longer time frame than a public company has. Sometimes you need to invest in the future, and sometimes the future is more than 90 days away...
...days later, the winner received his first $70,000 check and a visit from two Immigration and Naturalization Service agents. He was arrested and later freed on $5,000 bond after the INS informed him that it would shortly begin deportation proceedings. If deported, Caballero is still entitled to his winnings. Nevertheless, he wants to stay in San Jose and keep working. "All the time I came here with the illusion of making a lot of money," he said. "I want to make more." Another consideration: since he is not a permanent U.S. resident, Uncle Sam will keep 30% rather...
...about a show of hands? Is there any man, freed from the constraints of social and business dress, who would willingly put on a tie? And what about suit jackets, or even blazers? Is there anyone, given the choice and enough pocket space elsewhere, who would not surrender the weight of a worsted for the ease of a cardigan sweater? Where are those hands...
...better part of a day last week, no one knew who was in control of Liberia (pop. 2 million), the African nation founded in 1847 by freed American slaves. Diplomats in Monrovia reported that rebels had attacked the Executive Mansion at dawn Tuesday, using artillery and heavy machine guns in a full-scale battle with government troops. Soon after the fighting began, former Army Commander General Thomas Quiwonkpa announced on the radio that he had overthrown President Samuel K. Doe, 33, whom he accused of corruption and brutality. That evening, however, Doe assured his countrymen that the coup attempt...
Nearly 7,000 people have been detained by South African security forces this year. More than half have been freed, but at least five antiapartheid activists released last week found that the efforts to silence them did not end with detention. The group includes four whites and an Indian member of the executive board of the multiracial United Democratic Front. By the terms of their release, they have been effectively barred from leaving Johannesburg and from political activities. The Detainees' Parents Committee, which monitors detentions, denounced the curbs as "banning through the back door." Seven other former detainees appealed...