Word: mergers
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Dates: during 1980-1989
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...atmosphere for such trading, advertently or not, by failing to maintain the so-called Chinese walls of discretion between their investment-banking divisions and their trading departments. That may have been the case in one of the insider-trading arrangements allegedly started by Martin Siegel, the former Kidder, Peabody merger whiz kid who pleaded guilty Feb. 13 to charges of illegal stock trading and tax evasion. The Wall Street Journal reported last week that Kidder, Peabody's chief executive, Ralph DeNunzio, ordered Siegel in March 1984 to create an arbitrage department to speculate on takeover stocks, and to keep this...
More than a year ago, when a Houston jury ordered Texaco to pay Pennzoil an incredible $10.5 billion to settle their legal battle over a 1984 merger fight, many experts were convinced that the landmark judgment would be drastically reduced on appeal. But so far Texaco's lawyers have been unable to defuse this financial time bomb that threatens the survival of the third largest U.S. oil company. A Texas court of appeals last week upheld a staggering $8.5 billion of the original judgment...
...original decision held that Texaco unlawfully persuaded Getty Oil to break off a merger agreement with Pennzoil. Subsequently, Texaco bought Getty. Last week the appeals court concluded that the initial $7.5 billion in basic damages represented a fair award but ruled that Texaco's punitive damages should be cut by $2 billion. Including accumulated interest, Texaco now owes Pennzoil a total of $10.2 billion. The judgment remains by far the largest ever awarded in a corporate court battle...
...Harvard MBA seeks merger with warm, attractive sincere woman with firm assets," pitches one Business School student. An undergraduate challenges readers, "Business School students are narrow-minded, conservative and boring. Law School students are humorless and boring. Medical School students are just boring. Prove this senior woman wrong...
Doris Kearns Goodwin needs no prodding. Her generational saga pays generous tribute to the near silent partners in Irish-American history's most important , merger. She offers little that is new and no shocks. If anything, Goodwin, author of Lyndon Johnson and the American Dream and the wife of former Kennedy Speechwriter Richard Goodwin, softens the impact of the familiar political and sexual scandals that litter the path from the old sod to the Oval Office. Her approach is to balance the requirements of scholarship (Goodwin was a professor of government at Harvard) with the demands of the literary marketplace...