Word: ownership
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Dates: during 1980-1989
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Harvard Professor of Economics John F. Kain said that the one significant exemption kept in the present tax law is the owner-occupancy provision. "At some level that remains a very attractive feature for ownership. It is also part of what prompts the drive for condominiums," Kain said...
...Hammer, 88. Irked by the common confusion, the high-profile chairman of Occidental Petroleum reportedly tried a few years ago to buy the label from its owner, Church & Dwight of Princeton, N.J. But now Hammer is at least a minority Arm & Hammer proprietor, after Occidental gained a slice of ownership in Church & Dwight by a new joint venture. Under the scheme, Church & Dwight received a 50% share in a potassium-carbonate plant owned by Occidental in Muscle Shoals, Ala. In exchange, Hammer's company acquired 5% of Church & Dwight's common stock, worth about $13.3 million, plus $5.3 million...
...they had no obligation to put CBS up for sale. But as one of those present put it later, the directors were also warned ; that "once you begin entertaining outside offers, you have to listen to all offers." A participant recalls that Tisch declared once again that his stock ownership "wasn't a takeover by Loews. He emphasized that he had a big stake in the company and that he was willing to work very hard as a director...
...boasted a Tahitian-style resort village, complete with topless beach, which had been built by a businessman with a 98-year lease from the Israeli government. Seven months later, in November 1982, another entrepreneur completed a 326-room, $20 million hotel at Taba. The builder, Eli Papouchado, knew that ownership of the land was disputed, but says he went ahead with government approval. Israel bases its claim to Taba on a 1906 Turkish map that delineated the border between Egypt and Palestine, which was then a province of the Ottoman empire. According to that document, the line ran close...
...create. The revolutionary . discount airline could no longer afford to operate Frontier, which it had bought only last November, since the Denver-based subsidiary was dropping an estimated $10 million monthly. Even after the shutdown, People was losing about $1 million a day as a result of its ownership of Frontier, and in the view of many analysts, is being kept alive largely on the $46.7 million from United. Chicago-based United had conditioned the Frontier purchase in part on reaching an agreement with its 6,435-member chapter of the Air Line Pilots Association. Unless those pilots consented...