Word: profit
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Dates: during 1980-1989
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...scam. Ronald Levin, a wealthy, self-styled free-lance journalist, told Hunt he had put $5.2 million in a brokerage account for Hunt to trade with. Hunt's investment decisions soon made the bundle grow to $13.5 million. When he began pressing Levin for his promised share of the profit, Levin would not pay up. There was no investment account, Levin confessed, only a fake one set up with the broker's cooperation on the pretense that Levin was doing a story about commodities. Hunt did not react kindly, say prosecutors. In June 1984, prosecutors charge, he forced Levin...
ROBERT CAMPEAU. In Ottawa it is said that Campeau owns the skyline. He made his first real estate investment in 1942 as a 19-year-old machinist. Campeau built a house, sold it for a 50% profit and started another. Within ten years he was building apartments and office towers, and now owns Canadian real estate worth $1 billion. Allied rejected his first offer of $58 a share last August, when the stock was trading at 48. But Campeau eventually won Allied's consent with an offer of $69 a share, helped by a $1.8 billion loan from First Boston...
...BELZBERGS. The most aggressive corporate raiders to sweep down from Canada, the Vancouver-based Belzbergs have made profitable runs on the stock of a dozen or so major U.S. corporations during the past few years. In 1984 they teamed up with T. Boone Pickens in an attempt to take over Gulf Oil. The bid failed, but seven months later the Belzbergs sold their $87 million stake in the company for $157 million. Last March the family threatened a takeover of Ashland Oil (1985 sales and revenues: $8.2 billion), collecting a $16 million "green-mail" profit when management bought back...
...Critics affect our theater [the non-profit A.R.T.] hardly at all," said Brustein. "We don't really need critics here the way the New York commercial theater needs critics, to tell people...
Because non-profit resident theaters depend on season ticket sales, bad reviews do little damage to their financial health, Rich said...