Word: raiding
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Dates: during 1960-1969
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...Real Raid. Simon is a constant and shrewd reader of profit and loss statements. He looks for companies with broad stock ownership, shares undervalued in relation to book values, sluggish management and sickly earnings. If he finds a likely case, he may dispatch aides to probe the situation deeper, use his contacts in Wall Street to find out why things are not better than they are. Eventually Simon may make a visit to the company himself?he took eight trips to West Virginia in the course of buying into Wheeling Steel?but his trips are mainly for general impressions rather...
Simon has improved practically every company that he has gone into and, since he has never sold any of his major acquisitions, denies with some justice the common charge that he is a raider. Says he: "We wouldn't even come close to raiding, but this is used as a demagogic epithet by inadequate managements as their way of keeping their position. In a situation like Swift, which has leadership in the meat-and-carton industry and yet shows a consistently low return on investment, what has happened in the way of management over the past 30 or 40 years...
...raid, described by Pennypacker military leaders as "a protest against inter-house dining," left no dry survivors on the Radcliffe Quad...
...raid had been anticipated for a week, but some of the Pennypacker men were bitter about the lack of resistance. "Only thirteen masochist Cliffies showed up to suffer our assault," one said, while others railed against the seven Crimeds who aided the outnumbered Cliffies...
That other horse was Juan Lechin, 52, Paz's onetime Vice President and a longtime leftist union leader. In a surprise raid, Barrientos' police had picked him up in his home and packed him off to exile in Paraguay aboard an air force C-47. Lechin's crime, according to Barrientos, was masterminding a "Communist conspiracy" to overthrow the Bolivian government. "Bolivia was at the crossroads," cried Barrientos in a radio speech. "The choice was Communism or democracy...