Word: junking
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Dates: during 1990-1999
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...Turner simply pines for a movie studio. The last time he bought one, MGM in 1986, he did so by taking on a billion-dollar junk-bond debt that almost lost him his whole company. A year later, after he was bailed out by the country's big cable operators (including Time Inc.), he was obliged to let the corporate outsiders radically hobble his natural cowboy operating style: since then, mortifyingly, Turner has had to get his board's approval whenever he wants to spend more than $2 million. In 1989 they told him he couldn't buy the Financial...
...covers Philadelphia for the National Insurance Crime Bureau, guesses 40%. "The general attitude on Passyunk is that if I don't buy it, the next yard will," says Kane. "You'll walk into a lot of yards and see nothing but a few doors and a lot of junk. That's because calls are made, orders are taken, and things get done through the back door...
...slump makes a wry analogy for the performance of another J.M.: Jack Meyer, a.k.a. Junk issues and Mismanagement. The president of the Harvard Management Corporation has been acquiring unforced errors recently at the rate. Morris was signing autographs in the fair weather...
...fees for outside help. The protospecies of the financier could be hired for a fee to come in, clean house, do a little short term restructuring, and sell our for a killing Boesky traded inside, and no one objected to Milken's $550 million base salary for his Junk services...
...bomb blasts spreading fire and smoke through United Nations headquarters and a lower Manhattan skyscraper that houses, of all things, the New York offices of the FBI. Other explosions the same day in the Holland and Lincoln tunnels under the Hudson River, crushing motorists inside cars turned to twisted junk, killing many more by spreading intense heat, smoke and noxious fumes throughout the enclosed space of the tubes. Thousands dead, thousands more injured, the nation's biggest city in a wild panic...