Word: raids
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...December Raid...
Under the nom de guerre Commander Zero, Pastora became a revolutionary superstar in 1978 after leading a raid on the National Palace that helped topple the Somoza regime a year later. Partly because he was unhappy with the Sandinistas' growing dependence on Moscow, he quit as Vice Minister of Defense and in 1983 launched a guerrilla war against his former comrades. But he rejected CIA pressure to join the main contra faction and was finally forced to quit fighting...
Prince of the Panhandle. T. Boone Pickens has few regrets about his raiding career. "Our motives were sincere," says the Amarillo, Texas, oilman. "We believed we could run those companies better than they were being run." Pickens, 61, never managed to acquire such energy giants as Gulf Oil, Phillips Petroleum and Unocal, all of which he attacked in the mid-'80s. Yet he enriched himself by acquiring stock in the companies and then selling the shares at a profit, making nearly $400 million on his Gulf raid alone...
Textile Titan. Many skeptical eyes are turned on William Farley, the physical-fitness buff who acquired Northwest Industries, the maker of Fruit of the Loom products, for $1 billion in 1985. Last February Farley took over textile giant West Point-Pepperell in a $3 billion raid that included $1.6 billion of junk-bond financing. A fellow raider calls Farley's debt a "time bomb." While Farley once joked that "we're doing fine, except that the banks expect us to pay them back," he now refuses to discuss his finances or the subject of raiding. Says he: "I'm staying...
...Unless you [minority and female students] go on to graduate school, we will never solve this problem," said Professor of Sociology Orlando Patterson. Patterson said department heads at Harvard seeking minority faculty must now "raid" other universities...