Word: hoarding
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...public posturing of Chrysler Chairman Lee Iacocca, 57, who has been working vigorously to convince car buyers and investors that the company is again sound. At Chrysler's new-car introduction in Houston last month, for example, Iacocca boasted that the firm had accumulated a $1 billion hoard of cash and securities. Said he: "That's the most cash we've had on hand in the history of the company." Said David Healy, of Drexel Burnham Lambert: "The popular opinion is that Iacocca's blabbing about the billion dollars did them in. The workers are saying...
...unlike a military campaign, this tangled four-way struggle has produced profits for the financiers and spoils for the strategists, and inflicted casualties among innocent bystanders, including workers at the companies involved and shareholders around the country. Though Bendix had assembled a cash hoard of $575 million over the past two years by selling off some of its less profitable businesses, mainly forest products, Chairman William Agee still had to arrange credit lines for another $1 billion from a consortium of banks to make his takeover bid. Cash-poor Martin Marietta was forced to borrow $892.5 million so that...
...dieters who hoard and carry on, they face no penalties other than those their colons may mete out to them. While no suspicion of permanent damage has been raised, there is little likelihood of permanent weight loss either: eating habits are not changed and indeed may get worse for those who figure the starch blocker will handle that extra slice of pizza. Beila Simon Kunis, a dietitian in Chicago, opposes the pills, but concedes that occasionally, "I will say 'O.K., try it.' Some people are very sensitive to it, and some are not. We're all looking...
...printed money to pay for oil-all of us." Schmidt said he liked the predictability and discipline imposed by the European monetary system, adding that West Germany was not going to spend its hoard of dollars to support other currencies (for which read the French franc), but only to help keep the system running smoothly. Turning to the U.S. Treasury Secretary, Schmidt said: "I like the [interest] rates you're paying on dollars, Mr. Regan." Replied Regan: "Don't get too used to that...
...looking, as he insists in the report, to channel national dollars to those most likely to finish their college educations (a still-controversial but at least reasonable idea). Bok should not have been so imprecise--and consequently self-defeating--in his scenario-making. If he was conniving to hoard all the bucks for this University, then he was foolish to do so in such a crassly indirect--but suspect--manner...