Word: oustings
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...acquire Lotus for $3.3 billion, or $60 a share, more than twice the price at which the stock had been trading. At the same time, IBM went to court to challenge a Lotus "poison pill" that would make a takeover prohibitively expensive and appealed to Lotus shareholders to oust the firm's board of directors. "Call this IBM unleashed," says Marc Schulman, president of Technology Strategies Group, a Connecticut firm that consults with computer companies. "The whole mind-set of the company has changed...
...investors wanted a smaller board with fewer members over the age of 70. Grace arrived in a wheelchair last week to address his last board meeting as chairman. Weakened by radiation treatments, he was unable to read aloud the full text in which he condemned "the scheme" used to oust him from power. But when the meeting was over, Grace and eight other company directors, most of them over 70, had nonetheless agreed to leave the board...
...after the New York Times obtained a preliminary draft of the firm's upcoming proxy statement, which cited unspecified evidence that Bolduc, 55, had harassed five female employees, Grace conceded that the allegations had inspired the board to oust him. One director said the findings included documentation from five different areas of the company; the Times reported that his misconduct involved making "suggestive remarks'' and "engaging in unwelcome physical contact'' with the employees...
...shadowy bureaucracies. They feature heroes and heroines maniacally driven to resolve the unanswerable. And the shows often conclude in standard good-vs.-evil showdowns. In the first episode of Sliders, the young physicist and his friends find themselves in a communist California, where they join an underground movement to oust the Soviets, who in this world have won the cold war. Sliders, filled with dialogue like "The guy is Three Mile Island--it's going to take him years to cool down," is a Mighty Morphin Power Rangers for teenagers who actually read newspapers. The Outer Limits also dampens...
...troublemakers, though, Mrs. Clinton is visiting a country that has grown bitterly anti-American since the Soviet withdrawal from Afghanistan in 1989. Once-moderate Pakistan resents being left awash in drug and arms traffic--and trained Islamic fighters--built up with U.S. support during the Western campaign to oust the Soviet army from Afghanistan. In 1990 the U.S. Congress passed a resolution denying all economic and military aid to Pakistan over suspicions that it was developing nuclear weapons. Three years later, Washington threatened to place Pakistan on the list of states supporting terrorism--a move that would have...