Word: greenmailer
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Dates: during 1990-1999
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...Donald Rumsfeld, Gerald Ford's Secretary of Defense; and Congresswoman Pat Schroeder was an undeclared candidate in 1988. Given this pattern of presidential ambition among the '74 selectees, we should not be surprised if Robert Gottlieb, the former editor of the New Yorker, or Saul Steinberg, the onetime greenmail virtuoso, begins showing up at lunch counters in New Hampshire next year, chatting with the citizenry...
Terry Souers, a spokesperson for Marriott, praised the judge's decision and charged that Harvard's action constituted financial "greenmail" to prevent a necessary restructuring of the company...
...amongst widows and orphans here." Souers said of the investors of the University's endowment. "These people were trying to do a sophisticated financial maneuver. It's financial greenmail...
...been widely accepted wisdom that corporate raider Carl Icahn launched his hostile takeover of Trans World Airlines six years ago in order to greenmail management into paying a higher price for his stock. Icahn confounded the skeptics by actually taking control and running the airline, - but he has made no secret in recent years of wanting out of his money-losing investment. Throughout last week, Icahn and TWA's labor unions hammered away at a deal that would turn over the airline to its 28,000 workers and allow the New York takeover artist to bail out and save face...
Last week the corporate gadfly claimed a victory against the world's largest corporation. General Motors' board of directors agreed to Davis' demand for a policy that would ban payment of above-market prices for stock held by a potential corporate raider. Davis first made her anti-greenmail proposal three years ago, after GM paid H. Ross Perot $743 million dollars for his stock -- almost twice its trading value. Davis, who also publishes Highlights and Lowlights, a newsletter about corporate policies, believes that GM had no choice but to accept her proposal, which had substantial support among stockholders. Says...