Word: greenmailed
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...shifted from the literary world toward those of science, business, medicine and North American slang. In fact, a partial listing of what the language has been up to lately is enough to inspire depression: brain-dead, nose job, right-to-die, acid rain, crack, heat-seeker, asset stripping, greenmail, petro-currency, barf, drunk tank. There is not much here that would inspire Keats to write...
Flustered and unfamiliar with the ways of Wall Street, Miller's regime wound up paying Steinberg $52 million in greenmail to sell back his Disney stock and let them alone. But the company's weakened condition gave Roy Disney the leverage he needed to push for a new slate of leaders. One of his informal advisers had been Frank Wells, a former vice chairman of Warner Bros., who had taken time out from show business to climb the highest mountain on each of the seven continents (he had to turn back 3,000 ft. below the summit of Mount Everest...
...most prominent change: explosive growth. RHD-II contains 50,000 new entries, most of them words that have come into use since 1966. The field of business and finance has contributed its share (greenmail, golden parachute), as have science and technology (string theory, user friendly), government (disinformation, -gate as an all-purpose suffix for scandals), social trends (yuppie, underclass) and relations between the sexes (significant other, palimony...
...since the reckless 1920s has the business world seen such searing scandals. White-collar scams abound: insider trading, money laundering, greenmail. Greed combined with technology has made stealing more tempting than ever. Result: what began as the decade of the entrepreneur is becoming the age of the pinstriped outlaw...
...past forays, Icahn has sometimes walked away with hefty greenmail profits. In a greenmail deal, a raider sells his shares in a target company back to the firm for a premium not available to other shareholders. If that was Icahn's plan in this case, Roderick refused to play along. During his takeover effort, the financier paid an average price estimated to be somewhere between $22.50 and $26 a share for 29.3 million shares of USX. After climbing to 28 3/4 during the takeover battle, the company's stock closed last week at 22 7/8. That means that Icahn could...