Word: peak
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Dates: during 1980-1989
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...voracious of a new breed of corporate giants that came to be known as conglomerates. Under the leadership of Harold Geneen, Wall Street's original Pac-Man, ITT gobbled up more than 275 companies; at one time the corporation produced everything from hydroelectric turbines to Twinkies. At its 1980 peak, ITT had annual revenues of more than $18 billion and was the 13th largest U.S. corporation. But as the company became more and more bloated, its debt surged, while profits and the value of its stock sagged...
...that time, ITT was already mired in a slump. Profits were an estimated $462 million in 1984, down from a 1980 peak of $894 million. One reason for the poor performance was that the company's $8 billion debt, largely a legacy of the Geneen years, generated an annual interest bill of more than $600 million. In addition, ITT received a large portion of its revenues in foreign currencies. Profits were depressed because these currencies weakened against the dollar...
King is rightly honored for his landmark achievements in the field of civil rights; his leadership in the Montgomery and Birmingham boycotts, his influence in drafting the 1964 Civil Rights Act, his compelling appeals for equal rights that reached a stirring peak in his "I Have a Dream" speech at the 1963 March on Washington. These victories have been noted at length and should continue to be trumpeted loudly...
...over 1983. Stock prices, though, declined for the first time in three years. The Dow Jones industrial average closed on New Year's Eve at 1211.57, a drop of 47 points, or 3.7%, from 1983. Last year had begun with bull-market bravura that sent the Dow to a peak of 1286.64 on Jan. 6, less than a point below the alltime high. But the market bounced downhill for the next six months and, despite a boisterous rally in August, never made a full comeback...
...Last week another of that generation's dominant divas appeared on an opera stage for the last time: Leontyne Price ended a glittering 32-year career with a vocally stunning performance of Verdi's Aida at New York City's Metropolitan Opera that proved she can still capture her peak form. At the opera's end, cheering fans shouted their approval for nearly half an hour...