Word: macmillans
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...bases, magazines, books, satellite communications and even two soccer teams. His company spans 28 countries and has nearly 40,000 employees, 15,000 of them in the U.S. For the past two years, Maxwell has been on a U.S. buying binge that culminated this month in the purchase of Macmillan Inc. for $2.7 billion...
...company to thwart Maxwell's anticipated $2 billion bid. "Jovanovich killed the company. He's a dumb Croat coal miner. Had I met him, I would have told him so," Maxwell snarls with characteristic restraint. Some American publishers insist that he overpaid by as much as $1 billion for Macmillan. Not so, says Maxwell. "Information is growing at 20% a year," he explains in patient, professorial tones. "Communications is where oil was ten years ago. There will be seven to ten great global communications corporations. My ambition is to be one of them. You can't have a world communications...
...said he will not have to sell off chunks of Kraft to finance the buyout. Said he: "For the vast majority of Kraft workers, this won't have any impact at all." The Philip Morris coup was an unusually smooth resolution. Another KKR fight fizzled last week when the Macmillan publishing firm accepted a $2.5 billion offer from British financier and press lord Robert Maxwell. In Georgia, Joseph Lanier, chairman of West Point Pepperell, which makes Arrow shirts and Martex towels, was determined to beat back a bid for his company from Chicago investor William Farley, whose company makes Fruit...
...detected, cost Philby a shot at the top job in the British Secret Intelligence Service, known as MI6, and could have cost him a good deal more. Yet despite two secret trials and a 1955 accusation on the floor of Parliament -- an incident that ironically led Foreign Secretary Harold Macmillan to proclaim him cleared of disloyalty -- Philby was allowed to go on working for MI6. Until he defected, he free- lanced for the service, which also helped him find employment as a journalist. In an interview last January with British Journalist Phillip Knightley, Philby claimed that his departure was engineered...
Citing an "enormous chilling effect" from the decision, Random House Lawyer Gerald Hollingsworth indicates that Scott Donaldson's forthcoming biography of John Cheever has been shorn of some of Cheever's illustrative and idiosyncratic phrases. Last year Macmillan shelved The Binghams of Louisville after a copyright challenge from Family Patriarch Barry Bingham Sr., former head of the Louisville Courier-Journal media empire...