Word: morgans
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Dates: during 2000-2009
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Success like that is spurring growth. In March Morgan Stanley said it would buy boardwalk-adjacent property and look for a partner to build a casino. Bally's and Caesars are about to announce expansion plans. Trump Entertainment Resorts, recently out of bankruptcy, is seeing salvation in building more rooms and converting its pier into a retail-and-entertainment complex. And MGM Mirage, which owns land next door to the Borgata, is advancing its timetable for building a massive complex of rooms, condos and retail. "It's no longer a question of if," MGM Mirage CEO Terry Lanni said recently...
...Morgan: "If we have done anything wrong, send your man to my man and they...
There in brief was the divide between the new President who had a whip in his hand and the veteran financier who could barely imagine that whips could be wielded by anyone in Washington. After Morgan departed, Roosevelt confided to Knox his bemusement at the financier's manner. Morgan, T.R. said, had acted as though the President of the U.S. was just "a big rival operator...
Roosevelt directed Knox to continue to pursue his suit. All the same, Roosevelt remained open to more cooperative dealings with Morgan. For all his tough talk, Roosevelt really was willing to cut deals. But he wanted the business world on notice that the days of freewheeling combination were over. And Morgan had reason to play ball with Roosevelt. Northern Securities was only one of the many trusts he had assembled. General Electric, Western Union, International Harvester, Aetna Insurance--he controlled them all. Just a year earlier, he had put together what was then the world's largest corporation, U.S. Steel...
Though Roosevelt's Justice Department went on to bring 44 more antitrust suits in the course of his presidency, he never attacked any other of Morgan's interests. He even used Morgan as a mediator to help settle a Pennsylvania miners' strike that threatened to create a winter scarcity of coal for heating. And when he ran for President in 1904, Roosevelt was not above accepting campaign contributions from the very businesses he was pressuring, though he was so careful not to show them any favor in his second term that Henry C. Frick, one of Rockefeller's lieutenants...