Word: profit
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...idea works in Chongqing, so the new reasoning goes, it should work elsewhere in China. The notion that factories should be allowed to funnel some of their profits back into expansion, for instance, was first tried in Chongqing. So was another innovation: decreasing the decision-making power of political cadres in plants and increasing the power of local managers. Observes Long Zeyuan, deputy director of the city's economic-system reform commission: "In the old days, all the decisions were made on a political level by people who didn't think about profit or prices or market conditions...
Corporate Raider Carl Icahn's usual strategy is to buy a stake in a target company and then sell out to another bidder at a huge profit. But this time the New York City financier may stick around and keep the business. Last week he gained virtual control of TWA, the sixth largest U.S. airline, by accumulating at least 45.5% of the company's stock. In the process Icahn may have defeated Frank Lorenzo, the chairman of Texas Air and a rival bidder for TWA, with a series of intricate maneuvers worthy of the Navy's Blue Angels flying aces...
...share offer by Icahn. In fact, TWA President Carl Meyer openly courted Lorenzo, fearing that Icahn might dismantle the company and sell its pieces for quick gain. After the TWA-Lorenzo deal, Wall Street expected Icahn to cash in his 35% stake and reap an estimated $50 million profit...
Though the strike was fought over such accountants' terrain as TV-revenue shares and profit-loss sheets, the real issue was the shifting balance of power between the players and the owners. For about a century the players were professional gladiators, glorified by the fans and the press, to be sure, but held in bondage by the owners. Until the early '70s, players had little alternative to taking what was offered except to become a holdout. Salaries were relatively low, even for established stars. In 1954 M.V.P. Willie Mays earned $25,000, about the equivalent of what a utility infielder...
...back on the field." Both MacPhail and Fehr, however, give the commissioner credit for keeping them at the bargaining table. And Ueberroth conceded later, "I put myself at risk. We couldn't let a strike happen." The aura of miracle worker that enveloped Ueberroth when he turned a huge profit on the 1984 Summer Olympics may have dazzled some owners. "His presence hung over the negotiations like the ghost of Banquo," declared Baltimore Orioles Boss Edward Bennett Williams...