Word: profitably
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Dates: during 1980-1989
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...burned at 1500 degrees F to power the plant's steam turbines. Not one to waste a thing, Parish, 36, eventually hopes to sell the ash left over from the process for possible use in road building or absorbing toxic wastes. Although Mesquite Lake has not yet shown a profit, Parish is already planning a second alternative-energy plant -- to burn crop wastes. "Waste," he observes, "is a substance waiting for recognition...
FRUEHAUF. The company's troubles began after takeover artist Asher Edelman launched a $1 billion hostile bid. Following the advice of Merrill Lynch, Fruehauf acquired Edelman's 10% stake at a profit to the raider of $120 million. Some 70 Fruehauf executives then joined forces in a leveraged buyout. But when the trailer division slumped in 1987 as cost-conscious truckers cut back on new orders, Fruehauf had to strain to meet interest payments, which had climbed to $101 million a year. As other divisions faltered, Fruehauf embarked on desperate cost-cutting moves and fire sales that have hollowed...
...19th century and founded a trading company that at one point owned the national franchises for Coca-Cola and General Motors. "Basically," he says, "they were plutocrats and oppressors. The whole history of Chinese merchants in Southeast Asia is ambiguous. They provide prosperity but also isolate themselves and take profit from the local population." His mother grew up in a walled family compound until the Japanese commandeered it during World War II. Then the clan moved into a "haunted house" in Manila. Legend had it that someone from each family who lived there would die in the place...
...faculty meeting last fall, some professors questioned the propriety of what they perceive as a for-profit summer school. At the request of the Faculty Council, the steering committee of the Faculty, the Summer School administration this spring produced a comprehensive report describing the "mission" of the Harvard Summer School...
Goldsmith maintains that B.A.T shareholders would be better off if the company were to refocus on the high-profit tobacco business, which is experiencing new growth in Asia and other overseas markets. A veteran conglomerate-buster who served as the model for the swashbuckling Sir Larry Wildman in the 1987 film Wall Street, the 6-ft. 4-in. Goldsmith may have made his point all too well. Now that he has put B.A.T on the block, other raiders may try to top his offer. Or B.A.T may attempt to boost its stock price beyond his reach by launching a restructuring...