Word: profiting
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Dates: during 1980-1989
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...second time in his two terms that Kennedy has lost out in a battle for a committee seat. In 1986, he tried for a spot on the Energy and Commerce Committee, but was turned down, despite his experiences with Citizens Energy, a non-profit corporation that supplies less expensive oil to the people of Massachusetts...
With Elizabeth Taylor, Cher and Liza Minnelli all cashing in on the profit potential of perfumes named after them, it was inevitable that male celebrities would be next. Among the stars for whom perfumers are developing scents: Mikhail Baryshnikov, Julio Iglesias and Muhammad...
Perhaps the most attractive feature of LBOs is that they give managers a sizable chunk of equity in newly structured companies. By using borrowed money to buy out the stockholders, executives can cash in their old shares at a profit even as they become owners of their firms. The managers are then free to sell parts of the business at a handsome profit. The ultimate payoff comes when they put their companies back on the market. The sale of well-run corporations can return up to 100 times the amount of a manager's original investment. With investors lured...
Shareholders can lose out in LBOs even when they sell their stock for a profit. That is because stockholders usually receive far less than executives make when they break up a company and then put it back on the market. LBO critics argue that managers who fatten their wallets in this way are really profiting at the expense of other stockholders. So far, shareholders have brought eleven class-action suits against RJR Nabisco charging executives with acts ranging from "unfair self-dealing" to "not acting in the best interests of the stockholders...
Connolly criticized the University for "sidingwith profit to own a company that basicallyrejects all the scientific findings of the last 25years and profits off death and disease in ThirdWorld countries...