Word: ousts
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Dates: during 1990-1999
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...long enough to seal a deal--or run a company. Turner and Malone would both control major chunks of Time Warner stock, 10% and 9% respectively. Although by law Ma lone could own only 5% of the voting stock, he and Tur ner would still have enough clout to oust Levin, especially if they were to join forces with other major holders like Seagram (9% if the deal were completed...
Similarly, Ronald Reagan felt it justified to risk American lives to oust Manuel Noriega. Reagan's media correspondents justified the war by claiming that Noriega was involved in drug trafficing, human rights violations and the abusive control of power through a squad of thugs who enforced a reign of terror. The validity of some of these claims is supported by empirical evidence. In hindsight, however, it seems all too apparent that the battle was fought because the interests of American merchants were being threatened...
...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...