Word: ozarks
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Dates: during 2000-2009
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Wall Street thinks that many airlines, including Eastern, Pan Am, Western and Ozark, are vulnerable to takeovers. But People Express is not on the hit list, Burr insists. Says he: "It would be nearly impossible to take over People. We're bulletproof." Burr points out that 62% of his airline's stock is controlled by employees, directors or other friendly investors...
Icahn, who has made a fortune by buying and selling stakes in such companies as Dan River and Gulf+Western, hopes to use his deal-making skills to rebuild TWA. He made his first major move three weeks ago, when he persuaded Ozark Air Lines to merge with TWA for $250 million. Among other benefits, the acquisition will sharply increase the number of domestic flights that feed passengers to TWA's overseas routes. Icahn is also thinking about buying a hotel chain and an auto-rental company to combine with TWA. That would enable customers to reserve a plane seat...
...pugnacious activism. As an advisory-board member for the Southeastern Legal Foundation, he helped write the group's petition to disbar Bill Clinton and worked with former Clinton prosecutor Kenneth Starr to challenge a federal campaign-finance law. As the online avenger Buckhead, he has described Clinton as the "Ozark Caligula." Now identified, MacDougald shuns media attention; as one of his postings claimed, perhaps disingenously: "It wasn't me, it was the swarm." --By Joshua Macht. With reporting by Mark Coatney and Nathan Thornburgh/ New York and Viveca Novak/Washington