Word: lawyering
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...University's Kellogg School of Management. In one snarled battle, investors, led by the former chairman of a Beatrice acquisition, offered nearly $5 billion for Beatrice, which last month rejected the bid. Now Beatrice (fiscal 1985 sales: $12.6 billion) may be turning to outsiders for help. Said one Chicago lawyer: "Their investment bankers are burning up the phone lines looking for a white knight...
...Iran-Iraq war has made raising funds more difficult. The $94 billion collapse of Kuwait's unofficial stock market in 1982 badly undermined confidence, and repercussions continue to be felt. Finally, Western bankers will be leery about doing business there until legal uncertainties are clarified. A British lawyer working in Bahrain points out that it took the West nearly 300 years to develop a legal framework for banking. Arab bankers are making great progress, but more must be done before they will have a modern financial structure. --By Gordon M. Henry. Reported by Aileen Keating/Bahrain
...judicial selection. "We don't have any litmus test." Perhaps not, but the checking procedure has derailed the nomination of the Justice Department's own Deputy Solicitor General, Andrew Frey, for, among other things, his support of an antihandgun group. It also disqualified Judith Whittaker, a highly rated Republican lawyer from Kansas City, for supporting the Equal Rights Amendment...
...memoir. One is Linowitz's talent for spare, telling portraits. Among them: Chester Carlson, the arthritic, scholarly patent attorney who, in a one-room laboratory behind a beauty parlor in Astoria, Queens, invented the process that made Xerox a name to copy. Linowitz tells how, as the firm's lawyer and later its chairman, he helped Carlson and Joseph Wilson, an impossibly energetic Rochester businessman, launch a product that ended up creating its own demand. The now ubiquitous machine, says Linowitz, "was a case where invention was the mother of necessity...
...Douglas Wilder's victory as Lieutenant Governor marked the first time a black has won a state-wide office in the South since Reconstruction, and it made Wilder, 54, the highest-ranking black state official in the U.S. It was a deeply satisfying achievement for the polished lawyer who had once worked as a busboy at an all-white club frequented by Virginia legislators. New Attorney General Mary Sue Terry became Virginia's first woman to be elected to statewide office. Paul G. Kirk, the Democratic national chairman, took the results as an omen: "The unified Virginia ticket," he said...