Word: megabuckers
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...Such a megabuck scale is foreign to the most colorful of the can pickers, the loners who scrounge through garbage cans around picnic grounds, sports arenas and office buildings. They turn in empties for a refund, usually a nickel a can, in the nine states that have bottle and can deposit laws. In other areas they can sell their refuse for 28 cents to 40 cents...
...Rolling Stones' fretful tune Gimme Shelter carries a special meaning for rock stars, Hollywood actors, even Wall Street tycoons. Like all of America's truly rich, they constantly look for loopholes in U.S. tax laws to shield their megabuck earnings from the Internal Revenue Service. But at times, as the headlines last week again confirmed, the Government declares those shelters to be illegal...
...space fantasy with music and dance, which will be shown at the two Disney parks and, as the press kit trumpets, "nowhere else in the universe." But even if it were a dirt-bike movie that played only seedy drive-ins, EO would be notable for the conglomerate of megabuck talent that confected it. The executive producer is George Lucas, creator of the Star Wars trilogy. The director is Francis Ford Coppola, once Lucas' mentor as executive producer of American Graffiti, now switching roles with his former acolyte. The star is Michael Jackson, the pop- music thriller who composed...
...first glance, David S. Lewis would seem to hold one of the most enviable positions in corporate America. As chairman of St. Louis-based General Dynamics, he presides over the top U.S. defense contractor and No. 1 beneficiary of the Reagan military buildup. Megabuck contracts to build weapons such as the Trident nuclear-missile submarine, F-16 fighter plane and M-1 tank helped General Dynamics reap revenues last year of $7.8 billion and profits of $382 million, up 33% from...
Just as the advertisements appeared on business pages announcing this latest megabuck merger, a congressional committee opened hearings on proposals by the Securities and Exchange Commission that would curb some of the wheeling and dealing that accompanies such corporate marriages. Colorado Democrat Timothy Wirth, chairman of the House Subcommittee on Telecommunications, Consumer Protection and Finance, is supporting the SEC recommendations. Says he: "The tactics and strategies used by both bidders and targets in recent years have raised questions about the adequacy of current laws to a ensure the fundamental fairness of the takeover process. In the heat of a contest...