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...their borrowing costs if they set aside part of the stock for employees. At the same time, corporations seeking to repel raiders can use an ESOP as a way to put a chunk of the company into relatively friendly hands. "Every corporate treasurer is looking at it," says Paul Mazzilli, a principal at the Morgan Stanley investment firm. In recent months, three major corporations -- J.C. Penney, Ralston Purina and Texaco -- spent a total of $1.75 billion on ESOPs to shore up their takeover defenses. Procter & Gamble announced plans in January to spend $1 billion to boost its ESOP from...

Author: /time Magazine | Title: They Own the Place | 2/6/1989 | See Source »

...really a nostalgic person at heart," Johnson said two days later, after Lee Mazzilli's pinch hit for Pitcher Sid Fernandez started to restore the manager's public brilliance. "Mazzilli was a hero here in New York before he was shipped to no-man's-land -- Pittsburgh and Texas. I like to see guys come back and be stars again." Tom Seaver, the ultimate Mets' star, sat out the series in the Boston clubhouse. Now and then, in the quiet time after games, Seaver leaned back on a locker and raised a sheet of X rays to the light...

Author: /time Magazine | Title: Sport: Only So Much Excitement | 11/10/1986 | See Source »

Hurst had retired 11 in a row and had allowedone hit when the Mets sent up pinch-hitter LeeMazzilli, who singled and scored the tying run inthe eighth inning of Game 6. Mazzilli singled withone out, and Wilson followed with a single thatsent Mazzilli to second...

Author: NO WRITER ATTRIBUTED | Title: Mets Win World Series | 10/28/1986 | See Source »

...owners had any sense, they'd unburden a few more million on all-stars such as Lee Mazzilli...

Author: By Christopher J. Georges, | Title: No Joy in Mudville | 8/6/1985 | See Source »

Died. Ranieri Mazzilli, 65, Acting President of Brazil briefly during the 1960s; following surgery; in Sao Paulo. Mazzilli first occupied the presidential palace during a tense 1961 impasse (when conservative soldiers threatened to block the accession of Leftist Vice President Joào Goulart) helping to reconcile the conflict and avert civil war. He again served as President-for twelve days-following the 1964 overthrow of Goulart...

Author: /time Magazine | Title: Milestones, May 5, 1975 | 5/5/1975 | See Source »

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