Word: kupinski
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Dates: during 1990-1999
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...initial response to the company's innovative attempt to shave its debt was to run for cover. In just a week, Time Warner shares dropped 25 points, to under $95. "They're calling upon the shareholders to buck up and pay down the company's debt," griped Michael Kupinski, a communications- industry analyst. "Why take the risk? You're not going to know what you have to pay until afterward." Others appeared to disagree, including Gordon Crawford, a money manager at the Los Angeles-based institutional holder Capital Group, which owns 12% of Time Warner's stock. "It makes long...
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