Word: investors
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Dates: during 1980-1989
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...14th largest U.S. oil company (1984 sales: $11.5 billion). Corporate Raider T. Boone Pickens started buying into the company's stock, insisting at first that he intended to make only a modest investment. Pickens confirmed last week that his appetite has grown. The Mesa Petroleum chairman announced that his investor group, which now holds 13.6% of Unocal, is seriously considering an effort to gain control of the company. Pickens' group last week asked Unocal to postpone its annual shareholders meeting, scheduled for April 29, by two months so the | Texas oilman could assemble his own slate of directors...
...hallmark of Capital Cities' management style is de-centralization. Says James Burke, 60, chairman of Johnson & Johnson and a director on Capital Cities' board: "Murph's friends say he delegates to the point of abdication." Notes Cary Reich, executive editor of Institutional Investor: "Except for once, nobody from Cap Cities has ever set foot in our offices...
...name at the Washington Post as editor of the paper's Style section, noted for its trenchant, sometimes biting features. U.S. News & World Report, by contrast, has been a sober, conservative weekly that prides itself on a straightforward approach to events. But to Mortimer Zuckerman, the wealthy real estate investor who bought the magazine last June for $182 million, Coffey is "an ace and a treasure-house of ideas." Last week Zuckerman named Coffey, 38, as the new editor of U.S. News, replacing Marvin Stone, 61, who is retiring after 25 years...
Ohio's crisis began early this month with the collapse of an obscure Fort Lauderdale firm, E.S.M. Government Securities, a dealer in U.S. Treasury bills and bonds. When customers of Cincinnati's Home State Savings heard that their bank stood to lose a whopping $150 million as an E.S.M. investor, they began withdrawing money so fast that banking regulators closed the institution. The panic then spread, because Home State's failure threatened to exhaust a private insurance fund of $130 million that covers deposits at 70 of Ohio's nearly 300 thrifts. Crowds of up to 1,000 people, some...
Much of Ohio's investigation will focus on Financier Marvin Warner, Home State's owner and until recently a major investor in E.S.M. The probe will put additional heat on Celeste, since Warner was one of his biggest campaign contri butors. Warner, who stayed away from Ohio last week in his Miami apartment, blames Home State's collapse primarily on E.S.M.'s accountant. Says he: "It's not only a matter of terrible personal loss, it's a feeling of humiliation...