Word: gbl
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While the Falcons relied on Ford and Greater Boston League (GBL) All-Star Stephen Passley's three-point marksmanship, the Naps, led by forward Mike Lapriore (21 points) and guard Symere McClain (19 points), responded to each CRLS basket with a bucket of their...
...always been privately owned by the reclusive Mohn family. Under the terms of the latest deal, however, Bertelsmann is acquiring 30% of RTL's shares-it already owns 37%-from Groupe Bruxelles Lambert, a Belgian investment firm owned by billionaires Albert Fr?re and Paul Desmarais. Instead of cash, GBL agreed to take 25.1% of Bertelsmann shares. More importantly, the deal allows GBL to sell its shares on the stock market in three years, the first time Bertelsmann stock will be available to the public. "The dogma is broken," said Bertelsmann ceo Thomas Middelhoff, who engineered the RTL purchase...
...company through a Bertelsmann foundation, evidently now thinks it makes good business sense to have a portion of its shares traded on the stock market. But that doesn't mean they are surrendering control or expecting to change what they describe as Bertelsmann's?"unique corporate culture." While GBL gets two seats on Bertelsmann's supervisory board, the firm had to settle for just 25% of the voting rights, .1% less than a blocking veto. Even Bertelsmann is not ready to move that fast...
...coaches of the GBL--which also includes Boston University, Northeastern, Tufts, Brandeis and MIT--would have to vote to make the teams finish the game, according to Hogan. But for now, the outcome is "not conclusive," he said...
...Crimson (5-8-1 overall, 1-3-1 Greater Boston League), paced by Decareau's two homers and seven RBI, crushed crosstown rival Tufts (11-4 GBL) by a score of 16-4. Harvard pounded 19 hits off of three unfortunate Tufts pitchers to secure the victory for senior righthander Mike Dorrington...