Word: reasonable
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Dates: during 1980-1989
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...part of an unwritten job description: to act as the sensible alter ego to the irrepressible Eisner. At Disney, unlike most corporations, it is the chairman who comes up with some of the most outlandish schemes, which subordinates must either make happen or give the boss a good reason why not. "We all live in mortal terror that Michael will come up with ten new ideas a day," says Robert Fitzpatrick, president of Euro Disneyland. Eisner once proposed building a skyscraper hotel in the shape of Mickey. But much of the time Eisner is only trying to provoke his subordinates...
Despite the studio's roaring return, Disney's theme parks still constitute the bulk of the company's business: 62% of sales and 70% of operating earnings during fiscal 1987. One reason is that the company has raised ticket fees dramatically over the past four years, sending the cost of one-day passes for adults from $18 to $28 at Florida's Disney World and from $14 to $21.50 at California's Disneyland. Attendance boomed anyway, pushing revenues...
...reason Dukakis has been able to raise far more than any other Democrat is that he can tap into a national network of proud Greek Americans. They account for about 20% of his war chest. On his first visit to Queens, N.Y., last year, he was met by Greeks waving $20 bills. In addition, more than 30% of Dukakis' donations come from Massachusetts. Much of the rest is given by affluent, civic-minded professionals, urban and suburban, who are willing to write checks and line up friends to do the same. And no one is better at sowing and reaping...
Among the U.S. assets being ogled by foreign interests these days, publishing companies have been popular buys. Reason: such enterprises, notoriously risky if started from scratch, can be bought at a relative bargain price because of the dollar's decline over the past three years. Last week Hachette, France's largest publishing house, helped itself to two generous slices of the U.S. market in just four days. First Hachette agreed to pay $448.6 million to purchase Connecticut-based Grolier, the publisher of the Encyclopedia Americana. Then the French firm paid $712 million for Diamandis Communications, the owner of a dozen...
...prices of foreign goods in the U.S. and thus accelerate inflation. So could a recent surge in energy costs, which was responsible for much of last month's increase in the producer price index. Oil prices, in particular, have been climbing for several weeks and may keep going higher. Reason: for the first time ever, oil producers who remain outside the Organization of Petroleum Exporting Countries (among them: Mexico, Egypt, Malaysia and China) have agreed to meet formally with the struggling cartel. This expanded group of oil exporters, which controls 57% of production outside the Soviet Union and Eastern Europe...