Word: paid
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Dates: during 1960-1969
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...part of his dividend to finance some new mergers and acquisitions. Even with its surplus cut in half, Great American has more than the industrywide average of loss reserves in relation to its underwriting volume. "We did no milking," Klein insists. "We are staying in the insurance business. We paid about $500 million for the company, so obviously we aren't going to hurt ourselves. What many businessmen fail to keep in mind is that the proper utilization of capital is the cornerstone of U.S. industry." That, of course, is the standard justification for conglomerate corporations: their ability...
...strong financial connections abroad. As soon as BSN announced its bid, Vogüé's allies started buying Saint-Gobain stock. In five weeks, some 4,600,000 Saint-Gobain shares changed hands at prices that climbed all the way to $48. Vogüé's "friends" paid $180 million for 3,500,000 shares, bringing their holdings to 42% of the company's stock, more than enough to assure Vogüé's continued control...
...bottlers (assistants) passed the hat for coppers and shillings like Dickensian urchins in the night. Last week there were no buskers on the sidewalk. Instead, 40 of them were inside giving the concert of their lives. And no one had to pass a hat: more than 3,700 persons paid...
While this may be the case for some producers, many others are moving away from the expensive tryout and doing all their fixing in two or three weeks of paid (often at reduced ticket prices) previews in New York. Very few straight plays tryout out of town anymore, although this does not prevent some (such as Murray Schisgal's Way of Life, which folded during previews last week) from closing before facing any critics...
...Cliffie senior said, "It's nice. But no one paid attention to them anyway--no one cares about anything anymore...