Word: profitability
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Dates: during 1980-1989
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Backers of the Delaware law, which passed with only one dissenting vote, say it will not prevent friendly mergers but will ward off hostile attacks whose only purpose is a quick profit. Raiders like T. Boone Pickens contend that the law will merely make mediocre corporate managers more comfortable. Even so, not all corporations are pleased: Black & Decker and Canada's Campeau Corp., two companies currently making multibillion-dollar takeover offers, have already begun to challenge the Delaware law in court...
...third term and a tireless polisher of his city's image, Klein is full of rosy facts and rousing figures about the Games. Some 80,000 visitors will jam the hotels, and every event should be close to a sellout. The Canadian organizers expect to turn a $23 million profit. In addition, Calgary will inherit state-of-the-art facilities, such as the $31 million indoor speed- skating oval and the ski jumps and bobsled and luge runs at nearby Canada Olympic Park...
...C.D.W. Since insurance companies charge the equivalent of $1.30 a day for comparable coverage, rental-car companies are overcharging U.S. consumers up to $2 billion annually on C.D.W.s alone, according to David Cohen, a Massachusetts state legislator. Rental-agency executives claim otherwise. "Waivers do not make any profit for us," says Henry Caruso, president of Dollar Rent...
...paid for the broadcast rights, more than three times the cost in 1984. The problem developed because the rights were auctioned off before the '84 Winter Games had taken place and before the network business soured. "With our original projections, we were bidding with the expectation of making a profit," says Arledge. "But then the economy changed, and the television advertising situation changed...
Says Dean Epps, HSA's "main purpose, after all, is to provide jobs for Harvard students and not to meet a profit margin...