Word: mergers
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...arrangement was supposed to be cut and dried, even ironclad. Not only did it designate Nicholas J. Nicholas Jr. the sole heir to Steve Ross as head of Time Warner Inc. The 1989 merger agreement that created the world's largest media company also spelled out the date of his accession -- five years in advance. As of 1994, Ross, while remaining chairman, would step aside as co- chief executive officer, and president Nicholas would become the sole...
...pronounced Le-vin, the second syllable rhyming with win), 52, an old rival who was bounced as a Time Inc. director in 1987 -- a move said to have been engineered by Nicholas -- but recovered to become the Time side's chief idea man and a main drafter of the merger plan...
...there. John McClellan just cut it off with a razor so sharp you didn't even notice it." Califano still marvels over seeing Johnson crony Abe Fortas, by then a Supreme Court Justice, counsel the President on how the government should argue its case for the Penn Central Railroad merger, then watching the merger approval come down from the court with the majority opinion authored by Fortas...
...dwindling ranks of the U.S. airline industry lost another contender last week: Chicago-based Midway Airlines, the 12th largest U.S. carrier. Midway suddenly ceased operations after much larger Northwest Airlines pulled out of a $153 million merger deal that would have rescued the bankrupt Chicago airline, which was started in 1979. Northwest said it backed out because it had been given incorrect revenue data. But Midway is weighing a lawsuit. The collapse put Midway's 4,300 employees into unemployment lines and left passengers stranded in many of the 41 cities Midway had served...
...PEOPLE UNDER THE STAIRS. Bumbling burglars, wiseacre kids, nasty adults, guilty secrets: this spook sonata sounds like a forced merger of Home Alone and Arsenic and Old Lace. The movie is all setup and little payoff, but writer-director Wes Craven (the first Nightmare on Elm Street) and a good cast make it fun. Sometimes the best part of a horror movie is waiting to be scared...