Word: payes
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Dates: during 1980-1989
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...chief executive has inside information about his company, which allows him to gauge its value better than any outsider. Why, then, did you first offer $75 per share when you are now prepared to pay $100 per share...
...food business will be sold to pay down the leverages, but then you also take the risk of not being able to sell these companies. You see the trouble that Beatrice is running into...
...Milken is indicted on the racketeering charges, his workdays may become devoted to legal defense. Drexel could ask him to resign or take a leave of absence, while the investment firm would pay a fine to settle its own charges. The company has set aside more than $500 million for legal costs, and could spare $1 billion without dipping into its bare minimum of capital. Under racketeering charges, the Government could freeze so much of Drexel's assets that the company would be paralyzed, but prosecutors may want to avoid a punishment that would cost innocent workers their jobs. Drexel...
...company mired in debt can ill afford to build new plants or develop new products, since most of its earnings go to pay off borrowings. The shortage of investment can then dampen U.S. growth and damage the ability of American firms to compete abroad. In a slump, the impact can be dramatic. A study by the Washington-based Brookings Institution, a liberal think tank, estimated that a new recession could jolt 10% of major U.S. companies into bankruptcy...
...addition to raising money for ODN, the bikers must pay their own living expenses during the trip and transportation to the start and/or home from the finish...