Word: ownership
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Dates: during 1980-1989
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...last week introduced a bill that would empower local communities to set rates for basic cable services. To increase competition among cable-system operators, the Tennessee Democrat would allow telephone companies to enter the cable business. In addition, the bill asked the Federal Communications Commission to study the cross-ownership of cable networks and systems by the same companies. Said Gore, a frequent critic of the cable industry: "Deregulation has allowed too many cable companies to gouge consumers and left too many consumers as unprotected victims...
...placing millions of its shares in friendly hands through an employee stock ownership plan, Polaroid made it virtually impossible for Shamrock to reach the 85 percent level...
...Ueberroth's deal, his special conditions were met when the airline's pilots, machinists and flight attendants agreed to take $1.1 billion in wage and benefits cuts, spread over five years, in exchange for a 30% ownership stake in the new company. But the unions had a condition too. They demanded that Texas Air chief Frank Lorenzo step aside immediately so that a court- appointed trustee could supervise the reorganization process. Frank Carlucci, the former Secretary of Defense, had flown to New York City expecting to be appointed to the post...
Ueberroth's complex deal to buy the troubled airline has been hailed by Wall Streeters and airline experts as a masterpiece of risk sharing that will help make his task more manageable. The ownership of the restructured airline will be divided among Ueberroth and his investors, who will get 30% of the carrier, Eastern's employees (30%) and other new stockholders (40%). Ueberroth's core group of investors will put up only $200 million in cash. The new company will cover the remaining $264 million of the purchase price by forgiving $185 million in debt that the parent company, Texas...
...castle," says Valentina Murinas, 50, the factory's chief economist. Elektrosila's new spirit of enterprise extends to its rank-and-file workers, who now receive pay raises based on the plant's profitability. Next year they may be able to buy shares in an employee stock-ownership plan...