Word: raider
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Dates: during 1980-1989
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...long ago, Carl Icahn looked like just another face in the rogue's gallery of corporate raiders, the types who bad-mouth managers but seldom seem to spend an honest day's work trying to renovate the companies they attack. Yet lo and behold, this widely feared raider is proving a breed apart from the other fast-buck operators. He rolls up his sleeves. Icahn, 51, is a quick learner who is imposing his no-frills ethic on some of the largest and most troubled U.S. corporations. Right now, the unflappable Icahn (estimated net worth: $700 million) is simultaneously juggling...
...play brought back memories of Harvard's 4-1 loss to Colgate in December when Peter Ciavaglia's shot in front of the net went wide against Red Raider goalie Wayne Cowley. A goal would have tied the game at two. The fans at Hamilton, N.Y., were breathing that same sigh...
...fall of La Generale's share price in the stock-market plunge made it a perfect target. Yet De Benedetti, an engineer by training who turned a moribund Olivetti into a global power in office computers, is unlikely to take apart La Generale as a ruthless raider might do. Instead, he aims to expand the company into a Continental conglomerate in preparation for the era beyond 1992, when the trade barriers between the twelve European Community countries are scheduled to be eliminated. That step will create a wide-open marketplace of some 320 million consumers, a powerful launching...
...helped force both sides to talk was TWA Chairman Carl Icahn, better known as a raider than a mediator. In November, Icahn became Texaco's largest shareholder by gaining control of 12.3% of its stock. Then he began a round of shuttle diplomacy between Liedtke and Kinnear. Icahn knew that his holdings, plus a 2% stake in Pennzoil, would surge in value if a deal was struck. Sure enough, as word of the settlement leaked last week, Texaco shares rose 8%, to 38 1/2, while Pennzoil stock jumped...
...Author Stanley Weiser (Project X) get their manic mileage from the gaudy argot of today's power brokers, principally one Gordon Gekko, a black knight who proclaims that "greed is good, greed is right, greed works, greed will save the U.S.A." Listen to the art of the boss raider as he works the phones to spear a couple mil in two minutes flat: "Wait for it to head south, then we'll raise the sperm count . . . If it looks as good as on paper, we're in the kill zone . . . Dilute the son of a bitch. I want every orifice...