Word: premiums
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...tempt nor threaten a pre-emptive attack. Thus, while START was in tended to enhance the case for the MX by increasing the ratio of warheads to launchers and by putting a premium on large MlRVed missiles, it inadvertently increased opposition to the big missile in Congress and instead spurred development of the "Midgetman": an entirely new ICBM, a small, single-warhead alternative to the large MlRVed...
...investor buys up enough of a company's stock to pose either a takeover challenge or the threat of a proxy fight. Worried because they may lose their jobs, the top men too often capitulate and offer to buy back the greenmailer's stock at a premium price in exchange for a promise that the raider will not go after them again, at least in the near future. In cases just this year, Texaco bought back 9.8% of its shares for $1.28 billion from the Bass family, Warner Communications paid Rupert Murdoch $180.6 million for his 7% interest...
Another key target of the SEC recommendations is the practice known as "greenmail." This involves buying up sufficient shares in a company to pose a takeover threat or proxy challenge. In order to head off the move, many companies are willing to buy back the purchased shares at a premium price. Greenmail practitioners include New York Financier Carl Icahn, 48, whose group pocketed $30 million when he sold his stock in Marshall Field to England's B.A.T. Industries, and Publisher Rupert Murdoch, 53, who made $40 million when Warner Communications bought back his shares at 35% more than...
...assets. He argues that if antigreenmail laws are enacted, they should be accompanied by measures to ensure that bad bosses cannot entrench themselves at the expense of shareholders. Actually, it is usually the stockholders, who do not have the same opportunity to sell their stock at a premium price, who are hurt by greenmail...
...will have some bias. "I am a white American male. I've spent some part of my life in developing countries nearly one third. But I was still raised with certain American views and values." He adds, "For these students to be able to identify with Harvard as a premium world institution is very important. It is not the content of the courses, but the knowledge that they as Third World students can come to one of the premium world institutions and make the grade...