Word: raider
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...American power these days, to think that old-fashioned moral standards have much to do with today's lean, mean, rapier-clean business practices. Does a news organization, like the one in Broadcast News, employ too many talented men and women to keep its profits proud and its corporate raiders on hold? Then it will package the old reliables and promote the young presentables -- including a good-looking network reporter with nothing on his mind but making it. Does an avid stockbroker, like the one in Wall Street, want to make a quick kill? Then he will sell himself...
...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...
When Australian Raider Robert Holmes a Court spent more than $800 million to buy 9.6% of Texaco's stock for an average of $37 a share this year, many Wall Streeters applauded his gutsy vote of confidence in the bankrupt oil giant's chances for recovery. But after the October stock crash, Holmes a Court faced a severe cash squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss...