Word: ploy
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Dates: during 1980-1989
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Prosecutors are using one new ploy to hamper gangsters' ability to retain legal talent. They are invoking the forfeiture provisions of drug and racketeering laws to seize any attorney fees paid with illgotten gains. In a Colorado case last month, a federal judge disallowed such seizures, saying they violate a defendant's right to the legal representation of his choice. But last week in New York, another federal judge allowed prosecutors to subpoena information about the source of the fee paid to a lawyer in a narcotics case. Said Judge David Edelstein: "In the same manner that a defendant cannot...
...Night Light label in 1976, boosts his mail-order sales with ads in The New Yorker. Manhattan's Select Records gave its rap single Roxanne, Roxanne (sales: 300,000) a fast start last November by persuading music-store clerks to blast the song on their sound systems, a promotion ploy that bigger companies had overlooked...
...Defense. A maneuver named after the popular video game in which a company turns about and tries to swallow its pursuer. Even if it does not result in the acquisition of the firm that started the fray, the ploy can be a potent means of driving off the attacker...
...large block of stock in a company and threatens to take it over in hopes that the firm's management will become frightened and buy the shares back at a higher price than the stockholders can get, just to get rid of the raider. Last summer, in such a ploy, Steinberg bought 11.1% of Walt Disney Productions. After a long battle with Disney management, he sold the stock to the company for $32 million more than he had paid for it. Says Lee Isgur, a longtime follower of Disney stock for Paine Webber, a Wall Street broker: "It was obvious...
...though the former mayor called the establishment of the endowment "a step toward good town/gown relations" in the resolution. Vellucci described the fund as a ploy to calm city anger towards Harvard. "The town/gown [relationship] is falling apart. The Corporation put pressure on President Bok and he was happy to respond." Vellucci said last night