Word: outbids
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...Cleveland, Kansas City and Oakland. Fourteen teams switched votes. "Actually, it's good for the White Sox because it dooms the small-market teams," Reinsdorf said. "There will be less for us to compete against." In fact, the deal does little to prevent the richer teams from continuing to outbid poorer, smaller market clubs for talent. The only break on salaries is the luxury tax, which forces up to five teams to pay taxes of 35 percent if their payrolls exceed $51 million next season. The new pact, expected to approved by the players union next week, should bring peace...
...engraved with Mrs. Kennedy-Onassis' initials. The list goes on, each item far exceeding the expected sale price. Thus many who had made the trip to an auction house for the first time in their lives in the hopes of owning a piece of Camelot quickly saw their hopes outbid by the frenzied buyers. Bruce Wolmer, editor in chief of Art & Auction, predicts the Onassis sale will far exceed Sotheby's 1987 Duchess of Windsor jewelry sale, which brought in $50 million. Mrs. Onassis' jewelry goes on sale Wednesday night and includes a 40-carat diamond she received...
...bottom-line boss. He sold off key pieces of the company (notably CBS's publishing and music divisions), instituted drastic cost-cutting measures and shied away from paying big bucks at key junctures. Two years ago, CBS lost its perennial Sunday-afternoon N.F.L. football franchise when it was outbid for the games by Rupert Murdoch's Fox network. A few months later the network lost eight important affiliates to Fox when Murdoch acquired the 12-station group owned by New World Communications--stations that Tisch had earlier passed up a chance to buy. To replace the stations, CBS has been...
...There's a worry about agitating the public," says Neubert. The crowd that gathered at Denver's auction, however, seemed excited only about bidding up the prices. From the opening gavel of what amounted to a nine-hour garage sale, buyers in the museum's main hall sought to outbid one another on 630 lots that ranged from ivory figurines and a Flemish tapestry to a rococo revival cabinet and an 1873 Steinway. "I always wanted the thrill of owning a museum piece," said Denver Realtor Midge Wallace after acquiring an 18th century grandfather clock...
...Kerkorian boosted Chrysler's stock price $9.50 a share. That was still $6.25 below his offering price--a sign that Wall Street was not fully convinced the bid was for real. But it increased the value of his $1.4 billion stake by $355 million. If another buyer emerges to outbid him, it would send his stock up further still. Or he could play the greenmailer, persuading Chrysler management to offer him a premium on his shares as an incentive to go away...