Word: payes
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Dates: during 1980-1989
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Only two months after Northwest Airlines rebuffed his $2.6 billion bid, Davis has bounced back with an even grander scheme. Last week he offered to pay $5.4 billion, or $240 a share, for UAL, the parent company of United Airlines, the second largest U.S. carrier. UAL's board said it would consider the offer, and sent emissaries to meet with Davis' advisers. Meanwhile, UAL shares rocketed from 164 1/2 to 257 in just four days. Wall Streeters believe that the price could top $300 if other buyers...
...years later for an estimated profit of $325 million. Davis picked up another $50 million by buying the Beverly Hills Hotel from the family of insider trader Ivan Boesky in 1986, then turning around and selling it to the Sultan of Brunei. Even Davis' "dry hole" takeover attempts often pay off. While Los Angeles investor Alfred Checchi won Northwest with a $4 billion bid, for example, Davis pocketed an estimated $30 million by selling his shares after the price...
...want anybody calling me Ms. I have certain ideas that I had even before the feminist movement came along. I always believed in these things, like equal pay for equal work, but I can't say that I went out and fought for those principles...
...well they give you this big friendly pitch about how you can use the checks for anything, like to pay the electrician or to pay tuition!" "So?" I ask. (I too think these checks are a minor scandal, but I like to hear Joey get worked...
Some banks, Joey thinks, use these checks as a way to trick thrifty cardholders, who normally pay their bills in full and accrue no interest charges, into starting the meter running...