Word: raiding
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Dates: during 1980-1989
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...another major point, Allen rejected Paramount's claim that Time acted improperly in revamping its Warner deal after the Paramount offer was made. The precedent in judging such tactics is a 1985 Delaware case involving an effort by the California oil company Unocal to escape a raid by takeover artist T. Boone Pickens. In that case, the court decided that companies may take defensive moves only if they are "reasonable," as Unocal's were deemed to be. Paramount argued that Time's decision to launch the tender offer for Warner was excessive in proportion to the takeover threat and thus...
...about and a present that consists of convincing mysterious clients that he has plenty of influence. Spence would probably still be throwing dinners at the posh Four Seasons Hotel for people like Donald Gregg, U.S. Ambassador to South Korea, as he did last spring, if the police had not raided a male prostitution service in February. The raid turned up thousands of dollars' worth of credit-card receipts signed by Spence. Though he was not the only Washington figure to use the service (the Washington Times, which broke the story, says some White House and congressional aides will be implicated...
...psychologists, in a provocative new book, After the Ball (Doubleday; $19.95). As Kirk and Madsen point out, the revolution began 20 years ago last week in New York City at a gay bar, the Stonewall Inn, when for the first time patrons fought back against police conducting a routine raid...
While Pickens' bid for influence in Koito was viewed at first as just an isolated corporate raid, the canny Texan has managed to portray it as a symbolic campaign against Japanese investment barriers. As a result, he has gathered attention in both Tokyo and Washington, where experts fear that his exploits may aggravate trade tensions...
...Better World. The 132-page guide, which has sold 300,000 copies at $4.95 each, ranks 1,300 products and their manufacturers according to ten criteria, including the promotion of women and minorities, testing on animals and environmental sensitivity. Special commendations go to S.C. Johnson, maker of Raid, for banning ozone-depleting chlorofluorocarbons from its products. Dishonorable mention falls on pesticide manufacturers like Dow Chemical...