Word: hurwitz
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Dates: during 1990-1999
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...next interstate exit -- are locked in a battle over the last of California's privately owned ancient redwoods. Doug Thron, 24, a nature photographer, became an environmentalist after he saw the wild land in Richardson, Texas, he had hiked as a boy paved with malls and condos. Charles Hurwitz, 54, raided and leveraged his way to an '80s-style fortune, acquiring a random bag of companies, including Kaiser Aluminum and the Pacific Lumber Co. From his Houston headquarters, Hurwitz seems puzzled that other people care about some big trees Pacific owns in Humboldt County, California...
...there is to the notion of anyone's owning such a place loses force among the trees. Here the concept of unregulated private property, much admired by logging outfits, is an empty legalism.But the fact is that Headwaters and miles beyond it are owned, as is Pacific Lumber, by Hurwitz's Houston-based Maxxam company. After he grabbed Pacific in a 1986 hostile takeover, paid for largely with junk bonds issued by Drexel Burnham Lambert's Michael Milken, Hurwitz visited Pacific's mills at Scotia. "There's a story about the golden rule," he told employees...
...have this great piece of fate that someone was able to use technology in an utterly musical fashion like this," says Nonesuch general manager Robert Hurwitz. "When people hear it, they don't realize the role of technology, and they don't think it is a piano roll...
...recording is the brainchild of Elektra Nonesuch senior vice president Robert Hurwitz, 43. Hurwitz first heard the symphony nearly a decade ago in one of the three previously recorded versions, but upon encountering it again at a London Sinfonietta program in 1989, he determined to record it with Upshaw and Zinman. Gorecki was present for the sessions in London in May 1991. "There is a brutal truth and honesty to this performance," says Hurwitz, "because the performers surrendered themselves to the music...
During its heyday, Executive Life swam with the sharks. When raider Charles Hurwitz took over San Francisco-based Pacific Lumber in 1986 with the help of $900 million in Drexel junk bonds, for example, First Executive Corporation, bought more than one-third of those bonds. Once in charge, Hurwitz terminated the pension plan and grabbed the $55 million worth of surplus pension funds to pay down part of his buyout debt. He then bought $38 million worth of Executive Life annuities to cover 2,500 people, thus shedding his obligations and saving himself the cost of the premiums...