Word: occidentale
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The victory over Pickens was a costly one for Unocal. The company's elaborate takeover defenses, including the huge stock buy-back, will leave Unocal saddled with a long-term debt of $5.4 billion, compared with only $1.3 billion before the fight. This prompted Standard & Poor's last week to...
Said notes in the foreward that one could better describe Schwab as an "Oreinteur" than an "Orientalist," Indeed Schwab's intimate style maintains a respectful appreciation for his subject, the Orient, of which he remarked himself. "Perhaps no single other term has been so loaded with emotion, even passion" in...
India is privileged as the Orient to pose "the great question of the Different." For Schwab, India, and not Eqypt, was the first and essential Oriental influence to inspire the mental displacement. Schwab calls "totally erroneous" the popular assumption that the deciphering of hieroglyphics represented the critical breakthrough, attributing the...
Pickens has made more than $800 million for Mesa and its partners in the past three years by all but rearranging the map of a key sector of corporate America. The consequences of his actions have been stunning. They have resulted in the end of Gulf Oil, Cities Service and...
It was in 1982 that Pickens took aim at Cities Service, an Oklahoma firm whose sales were nearly 20 times Mesa's. It proved badger tough, however, and nearly succeeded in swallowing Mesa by bidding for its stock before finally calling it quits and selling out to Occidental Petroleum. That...