Word: jerseyed
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Dates: during 1980-1989
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...after California's pension funds had taken a drubbing in the wake of Disney and Texaco greenmail payouts, Unruh persuaded managers from across the country to fight for better protection for their investments. Council members now include representatives of huge funds in California, Kansas, Illinois, Wisconsin, Massachusetts, Minnesota, New Jersey and New York City...
...actions. Among them: issuing stock that would dilute the voting power of existing shares by 20% or more, selling 20% or more of corporate assets to a hostile bidder in exchange for a takeover cease-fire, paying greenmail, or adopting a poison pill. Says Roland Machold, director of New Jersey's treasury division of investment: "We just want to be brought in on the big decisions...
Police Detective Steve Moger was the first to notice that something strange was going on in Hackensack, N.J. Starting in February, hundreds of people were lining up at pay-phone booths all over town, chatting for hours at a time. A two-week investigation by local police and New Jersey Bell uncovered the cause of that loquaciousness: a computer glitch that allowed 400 pay phones in the Hackensack area to be used for worldwide conversations without costing the caller a cent. After bugging selected phones, the authorities realized that almost half the international calls placed in an eight-week period...
...policemen's protests. By a vote of 286 to 136, the House markedly weakened federal regulation of interstate gun trafficking, rewriting restrictions that had been passed in 1968 following the assassinations of Martin Luther King Jr. and Robert Kennedy. The outcome, said Democratic Congressman Robert Torricelli of New Jersey, was "a genuine disgrace. It's a classic example of the power of big money and a well-orchestrated campaign by a narrow interest...
...probably would have supported an opposition candidate for the chairmanship in the November election had Natsios run. He criticized Natsios for failing to capitalize on the nationwide popularity of President Reagan and the Republican party that Malone claims helped Republicans to victories in nearby Rhode Island and New Jersey...