Word: greed
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...adults are enthralled by Nickelodeon. Double Dare and another game show called Finders Keepers (now off the air) have been denounced for encouraging exhibitionism and greed -- the sort of schoolmarmish complaint that deserves a dousing with green slime. Peggy Charren, president of Action for Children's Television, praises the channel as a healthy alternative to network fare but is worried that some of its newer shows "may have gone a little overboard taking a Mad magazine approach...
...story brings together a gifted, high-minded screenwriter and a no- talent hustler with feckless charm and terminal greed. Guess which comes out on top? The rest of the plot is equally unsurprising: the screenwriter's sanctimonious wife, a publishing executive, abandons all her principles in pursuit of material success, and so on. What makes Emerald City striking is that Williamson has the gift he attributes to his onstage surrogate: an ability to bring characters alive. He is aided by beguilingly energetic performances from Daniel Gerroll as the screenwriter and Dan Butler as the hustler...
More than risky, it seems downright foolish to put an entire company on the line for no better reason than abject short-term greed; still, buyouts are popular among today's large-scale financiers, people who are no longer innovative entrepreneurs who build companies from scratch, but tricky accountants who raise dividends any way they can. Now, following the example of Ross Johnson, the chief executive officer of RJR who tried to take over the company for himself, they don't work for the stockholders--they work for themselves...
Analysts agree that leveraged buyouts serve no one but the dealmakers. Professor Robert Reich at the Kennedy School has said of the RJR takeover that it "clearly exposes the greed and rapaciousness of so many of these takeovers." As the University is run more and more like a corporation, it seems to be losing--no matter how much its administrators protest--its moral purpose, so that the only standards in visible practice are those dictated by the University's own greed...
Much of Wall Street and corporate America saw the board's choice of KKR as a repudiation of Johnson, who had become a symbol of executive greed after first proposing to buy out RJR (1987 sales: $15.8 billion) for $75 a share. Company directors were outraged when they read accounts, leaked by insiders, of how much Johnson and his seven colleagues planned to rake in from the deal: as much as $2.6 billion. Though Johnson later insisted he had planned to share the potential gains with 15,000 RJR employees, the battle lines were clearly drawn -- not just between Johnson...