Word: ownership
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Dates: during 1990-1999
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...Alwaleed had the itch to diversify overseas. Sagging oil prices had produced a severe recession in the kingdom, creating a feeling of unease made worse by Saddam Hussein's invasion of neighboring Kuwait. Alwaleed already owned 4.9% of Citicorp--a percentage that allowed his ownership to be anonymous. But with the bank wobbling and the stock falling, he soon made his name known by tripling his stake...
...fifty-fifty venture called Kingdom Entertainment that led to an important deal with Sony, Jackson's record label. Jackson will serve as producer for a new label called MJJ (for Michael J. Jackson), which will release CDs by new singers and groups. The Alwaleed-Jackson company also acquired 55% ownership of Landmark Entertainment Group, famous for such design projects as the Forum shops at Caesars Palace in Las Vegas and the Terminator II 3-D ride at Universal Studio's park in Orlando, Fla. Sony continues to produce Jackson's music, including his latest album, Blood on the Dance Floor...
...focus is on making volunteers and directors members of PBHA and not just workers on various committees and programs that don't relate to each other," Purnell said. "This involves a grassroots effort to establish ownership on behalf of every member of PBHA for the mission and goals of the organization...
MIAMI: Call it catch-and-release. Florida Marlins owner Wayne Huizenga, after loading his team with high-priced talent and watching it capture a World Series title after only five years in existence, is selling the Fish. The interested party is reportedly an ownership group that includes a sizable Hispanic contingent ? an important selling point in South Florida ? headed by current team president Don Smiley...
...Having upperclassmen at key positions who have been through it, who really feel like they have ownership of the program, makes all the difference in the world. I think there was a confidence there that if we got this thing into the fourth quarter, we'd find...