Word: investors
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Dates: during 1980-1989
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...Stone Jr. '45, chairman and chief executive officer of Houston based Kirby Exploration Co., an oil and gas producer, is a director of Corning Glass Works in Corning. N.Y., a broad-based electronics manufacturer with 30,500 employees and revenues last year of $1.59 billion. According to the Investor Responsibility Research Center in Washington, Corning maintains investments in South Africa. Further information on the company's investments there was not available last week...
...Delaware court decision, however, struck many financial experts as a potentially dangerous step. Felix Rohatyn, a partner of the Lazard Freres investment firm and one of the most outspoken critics of Pickens-style hostile takeovers, blasted the decision because it violated the principle of investor equality. Said he: "This creates two tiers of stockholders. The vaccine is as bad as the disease. It's crazy...
...opposing voices have grown increasingly strident. "I think corporate raids are an outrage and a bloody scandal," says Lane Kirkland, president of the AFL-CIO. "The object is for somebody to make a killing, pure and simple, and I see no virtue in it at all." Counters Minneapolis Investor Irwin Jacobs, who has made runs at targets as varied as ITT and Disney Productions: "We're really not a bunch of big, bad wolves. Mergers and acquisitions have created a great deal of value...
...bulk of the costs had to be met by private sources, most of it coming from architect Graham Gund, who led the remodeling plan. As chief investor, Gund will get returns from the building's small number of retail outlets, according to Kronberg...
...looking into Home State's ties with E.S.M. Government Securities, a Fort Lauderdale dealer in Treasury bills and bonds whose March 4 closing forced Home State out of business. A central figure in these probes is Financier Marvin Warner, the owner of Home State and formerly a heavy investor in E.S.M. Last week a group of Home State depositors filed a $432 million lawsuit claiming that the bank invested in E.S.M. "not because it was prudent or even safe to do so, but rather because of the illicit financial benefits conferred upon Warner." The suit maintains that Home State will...