Word: profitted
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Dates: during 1980-1989
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...short, 1-2-3 backers are not seeking to charitably introduce some tenants to the joys of homeownership, but, rather, to unload buildings which do not turn enough of a profit...
...gains from 1-2-3. Fred Meyer, who calls himself the author of Prop 1-2-3, may certainly be motivated by a personal ideology linking freedom with owning a condo, but most other supporters ($56,000 strong, according to the 1988 State Campaign Finance Report) are motivated by profit. Not surprisingly, among the list of financial contributors who helped get this condo bill on the ballot are some of Cambridge's most notorious landlords...
...addition, Radcliffe, like other non-profit institutions, is faced with a greater financial burden, as federal funding for higher education continues to decrease...
Corporations without sufficient capital can use LBOs to purchase large corporations without using large amounts of cash. But because those companies must borrow money from other sources, they incur a substantial debt, which they usually pay off by breaking up the company and selling off parts at a large profit...
Lewis completed his first LBO in 1984, acquiring McCall Pattern Co. and selling it three years later for a 9000 percent profit. One month later, he managed the largest internatinal LBO in history, putting up $985 million for Beatrice International...