Word: posner
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...past two decades, Victor Posner, 66, the Miami Beach financier, has corralled major stakes in more than 40 companies, including control of Atlanta-based Royal Crown, the soft-drink maker, and a 37% interest in Chicago's National Can. Last week, though, key parts of Posner's billion- dollar empire were staggering. Evans Products (1984 sales: more than $1 billion), a Posner-controlled company that sells building materials and railroad cars, filed a bankruptcy petition in Miami. Posner's Sharon Steel seems shaky; it is more than two weeks late with a $23 million payment on its $330 million debt...
Despite the stumbles, Posner shows no signs of slowing down--or running out of money in other parts of his realm. He has offered about $400 million, or , $40 a share, for the 63% of National Can that he does not already own. The company and its employees are also offering a $40-a-share price for a majority of the Na- tional Can stock in an effort to keep from becoming Posner's next possession...
...another University of Chicago product who is given a good shot at the high court is Richard Posner, a professor at the law school whom Reagan put on the Federal Court of Appeals in Chicago. Posner, 45, a believer in free-market forces, would eliminate the exclusionary rule on the ground that barring evidence in criminal trials is economically inefficient, regardless of whether it was obtained illegally...
Bork, Scalia and Posner are all aggressive conservatives who would challenge the liberal assumptions of many Supreme Court rulings. But they are not knee-jerk ideologues. Bork, for instance, has made it clear that judges should respect precedent even if they disagree with...
Smulyan and other second year public policy students Joanne Markasy and Lisa Posner founded the organization last year, forming a support base for students through brown bag lunch discussion groups and attempts to recruit more women to the school. Since then, its concerns have broadened to include faculty hiring, admissions and community affairs...