Word: investments
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Dates: during 1980-1989
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...poor with their fuel bills; to reimburse $29 million to large customers like utilities and local governments; to forgo $180 million in future price increases that it could have legally imposed; and to reduce gasoline and propane prices by about 2? per gal. Finally, Amoco said it would invest an extra $410 million in domestic oil exploration, production and refining. DOE Special Counsel Paul Bloom explained that such a complicated rebate system was necessary because it was now impossible to locate the millions of customers who had been overcharged a few pennies for every gallon of gasoline or fuel...
...these dressed up in a burnoose and posed as a sheik named Kambir Abdul Rahman, whose millions were said to be "burning holes" in a Chase Manhattan account. Other agents in pinstripe suits served as the sheik's American emissaries, translating his gutteral commands and seeking ways to invest his money in New Jersey gambling casinos, East Coast port facilities and an American titanium mine. Along the way, the phony sheik and his aides sought to protect his investments by buying political influence in Congress, in New Jersey's Casino Control Commission, the New Jersey legislature...
...salon, the visitors spoke to the sheik through an interpreter, a dark-complexioned agent who conveyed their words to the sheik in something approximating Arabic. Nodding and smiling under his burnoose, the sheik, who claimed to speak little English, managed to express his uncomplicated desires: he wanted to invest in land and casinos in Atlantic City, as well as in a U.S. titanium* mine in Virginia. But he was unfamiliar with the ways of politics and finance in the U.S. and needed the help of his experienced guests...
...deliver my end." The deal that began that day took at least three more meetings over several months to complete. In Manhattan's Pierre Hotel, the sheik's aides agreed to invest $100 million in the titanium mine and to give Williams an undisclosed share of the mine's stock without charge. At a rendezvous in Arlington, Va., the Senator said he would talk to high officials in Government to seek military contracts to help the mine prosper. As he was about to catch a plane to Europe from Kennedy Airport, Williams accepted the stock certificates. They...
...beginning to echo a certain heady confidence that the sorry 1970s had seemed to drain away almost entirely. Says Wall Street's Lurie: "I think people in this business have forgotten just how much fun a bull market really is. To me, all those rationalizations not to invest are pointless. We've come through ten years of bad times, this is an election year, the start of the 1980s, a big era, and it's going to be a big market...