Word: investers
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...sale of Peabody Coal, which Kennecott acquired in 1968, to a consortium led by Newmont Mining. The Federal Trade Commission ruled in 1971 that Kennecott's Peabody purchase violated antitrust rules barring concentration in any given industry, arguing that the company could have entered the coal business by investing its own capital. After a five-year rear-guard battle against the FTC ruling in the courts, Kennecott's board, which includes such powers as John Schiff, chairman of the investment banking firm of Kuhn Loeb & Co., and Walter Page, president of Morgan Guaranty Trust, finally lopped...
...most species, including humans, the female has no such advantage. Men have far more chances to play the reproduction game: each male can start thousands of pregnancies; each female can start a maximum of about 30. More important, the female must invest far more heavily in each pregnancy-nine months of time, energy and eating for two. The male must invest only sperm, and promiscuity may pay off for him as a workable reproductive strategy. If he spreads his genes widely and refuses to nurture at all, he can still reasonably assume that some of his offspring will be likely...
...prudent business that if you have a market, your production should follow." With that argument, Volkswagen's boss, Toni Schmucker, persuaded German unions and political leaders that an American plant was vital if his company were to regain its traditional substantial share of the U.S. market. Volkswagen will invest $200 million in a Pennsylvania assembly plant that will begin turning out the popular Rabbit model...
...some friends to put up $15,000 for a land deal in Spain; seven months later, they were paid back $26,325-a 75.5% profit. Says she: "It was a lark-it was like Monopoly money." As word of Adela's business acumen spread, people clamored to invest in her ventures, which until recently she ran from her home with the aid of two staffers, a middle-aged English secretary and a young college graduate. At first, most investors continued to do well, and some have volunteered to testify on her behalf. But later others failed to receive their...
Warrior Image. The assets are mainly held through numbered bank accounts and blind names to prevent Israeli retaliation-and also to camouflage the wealth of a movement that prides itself on its warrior image. Much of the investment has been handled by the Arab Bank Ltd., a vigorous Amman-based banking house, controlled by Palestinians, with assets of $4 billion and branches or joint ventures in 19 countries, including the U.S. The Arab Bank is widely known in the Middle East as the P.L.O. Bank, but its Jerusalem-born president, Abdel Majeed Shoman, 65, is handsomely repaid for whatever risks...