Word: raids
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Icahn moved into a field where he could have more control: takeovers. He now specializes in finding poorly run companies and then launching a raid, which involves an effort to get con- trol of the firm. Icahn's record is impressive: since 1968 he has made more than $100 million in the takeover game. One premise of the Icahn strategy is that large American firms are staffed with poor managers. Says he: "Unfortunately, many of today's chief executives have spent the first 20 or 30 years of their business careers studying how to please their boards rather than concentrating...
...corporate prowler since the late 1970s, Icahn has undertaken a major corporate raid about every six months. He buys stock in companies that he thinks are undervalued and then begins to tell the management how to run the business. That is hardly welcome news to executives, who usually try to get court orders to stop him from acquiring more shares. Icahn's most controversial takeover before his current fight with Phillips came in 1982, when he went after Dan River, a Virginia textile company. Residents of Danville rose up in protest against the aggressor from the North, and more than...
Several hundred yards north of the compound's 3,500-ft. runway, the police came upon 19 separate laboratories used for the processing and refinement of cocaine. Before the raid, officials had estimated that Colombia's annual production of the drug was perhaps 50 tons; Tranquilandia alone, however, could process about 300 tons a year. The police arrested 40 workers and seized almost 14 tons of pure cocaine. Then they poured all $1.2 billion worth of the powder into the nearby Yari River, turning its waters white...
...troops to destroy coca crops in the Chapare region, the broad tropical valley where nearly a third of Bolivia's coca is grown. As it turned out, only six ill-equipped 100-man companies took to the field. Some of them gave local growers warning of their imminent raid six days in advance. One general actually resigned, saying that he was not about to kill campesinos just to please North Americans. The 150 men of the U.S.-funded Bolivian antidrug unit known as the Leopards have not fared much better. After two months of special training, complained one U.S. official...
...Gdansk raid came at a sensitive moment for the regime of General Wojciech , Jaruzelski. A week earlier, four Interior Ministry officials had been sentenced by a Toruan court to jail terms ranging from 14 to 25 years for their role in the abduction and murder last October of a pro-Solidarity Roman Catholic priest, Father Jerzy Popieluszko. The trial discredited the state security apparatus and suggested the possibility of a plot by Communist hard- liners against Jaruzelski's leadership. As a result, the authorities seemed more intent than ever on containing their opponents...