Word: owned
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Dates: during 1980-1989
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CUTTING CAPITAL GAINS. A broad tax break for capital gains, as the House approved and President Bush supports, would in the long run be expensive and dumb. Applying the break to investments we already own does nothing to encourage us to make new ones. Any tax break should be on...
In recent months Prime Minister Hun Sen has been winning favorable reviews. Once regarded as a mere puppet of the authorities in Hanoi, Hun Sen, 38, has emerged as a leader with a mind of his own. Whether by conviction or out of cynical self-interest, he has pursued reformist...
...firm the same way just because you have acquired the company," says Michel Besson, the French chief executive of CertainTeed, a maker of building materials based in Valley Forge, Pa. "You tend to underestimate their strengths and overlook your own weaknesses." An executive of a West German- owned U.S. subsidiary recalls a dramatic showdown: "Their people would come here and put down our people, our work ethics. I had a little problem with that. I finally slammed my door shut and told my German counterpart that I didn't need him telling us how good he was and how weak...
COMMUNICATION BREAKDOWN. John Nevin, the crusty chairman of Firestone, gives credit to Japan's Bridgestone for bailing out his company with a $2.6 billion buyout last year. But that has not removed the vast differences in the ways the two companies communicate. "I'm seen as terribly abrupt and abrasive...
The takeover may help inflame growing U.S. anxiety about foreign investment in American companies. Last week the U.S. Department of Transportation persuaded Alfred Checchi, who led a $3.6 billion buyout of Northwest Airlines, to reduce the participation by KLM Royal Dutch Airlines in the deal from $400 million to $175...