Word: greenmailing
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...automaker--Kerkorian practically wrote the how-to book on such tactics. In the late '70s he loaded up on shares of Columbia Pictures, then turned into such a litigious nightmare that Columbia bought his stake for a 50% premium, a settlement that Fay Vincent, then CEO of Columbia, called "greenmail" (a characterization disputed by a Kerkorian spokesman). In the '90s Kerkorian was at the center of a gear-grinding saga with Chrysler. After buying a big stake and standing by for a few years, he launched a hostile takeover bid with Lee Iacocca in '95, finagled board representation and, most...
...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...