Word: paramount
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Dates: during 1990-1999
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...second secret trait of the Clintonites, arrogance, might be more precisely defined as the arrogance of lawyers, especially those trained in the Ivy League and working inside the Beltway. Lawyers are paid to put deals together. Restructuring the American health industry may be bigger than ingesting Paramount, but once you give a lawyer the assignment, all the rest is commentary. If a couple dozen lawyers can't handle this, then what good are their fancy educations, and what good have they done by forsaking the even fancier jobs they might have held in the private sector? If the gargantuan project...
...Paramount said its board would meet to set up a procedure to consider bids from all interested parties. So unless Viacom chairman Sumner Redstone decides to raise his bid, his company could be the loser. Diller, who watched the hearing on television from QVC's West Chester, Pennsylvania, offices, said he was "delighted" with the ruling. "Obviously he's very happy," said designer Diane von Furstenberg, a confidant. Yet neither she nor Diller was ready to declare final victory in the Paramount struggle. "Nothing is ever a fait accompli in life," Von Furstenberg said. "Only the future will tell...
...CAPTION: PARAMOUNT'S WILD RIDE
...Delaware Supreme Court upheld a lower courts ruling that invalidated antitakeover measures deployed by Paramount Communications against QVC Network. QVC's rival, Viacom, must now decide whether to increase its $9.4 billion bid to match QVCs $10.1 billion offer...
BUSINESS: Diller Closes In on Paramount...