Word: retailer
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Dates: during 1990-1999
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Meles is also throwing out the textbooks on capitalism to fashion distinctly Ethiopian economic policies. In August his government unveiled a draft program that elicited skeptical grimaces in the West. While the plan opens up road transport and retail trade to private capital, it also maintains government control of the petroleum, mining and chemical industries. Even less encouraging to potential aid donors, who want to see evidence that capitalist inclinations have buried socialist leanings for good, private ownership of land is still forbidden. Meles regards this as critical to protecting the interests of the poor peasant farmers who constitute almost...
...Texas oil wells for investors seeking tax write-offs. That strategy changed in 1984 when Alan Quasha, a lawyer and Harvard M.B.A., bought control and became chairman. Quasha proceeded to trade large chunks of Harken stock for sick oil companies, which owned not only wells but also pipelines and retail gas stations. Aiming to salvage or spin off the assets, Quasha generated a dizzying web of deals that would eventually push Harken's debt past $100 million and boost its revenues to more than $1.1 billion by the end of the decade...
...several occasions Quasha's deals have been marked by apparent conflicts of interest. Last year he tried in vain to get Harken to buy a privately held refinery, Frontier Oil, in which he owned a sizable stake. In another instance Quasha sold Harken's Hawaiian retail unit to a company controlled by both his own family and the South African Ruperts. Harken booked an $8 million gain on the deal, only to write it all off later as a loss...
...possible that he could be more like Lyndon B. Johnson--a retail-politics man, nervous in front of the cameras but unstoppable behind closed doors. He'd better be, or the twin towers of the Corporation and the Faculty will get their way--and the students will lose...
...past 10 years or so, Wolf has seen the Square undergo a gradual metamorphosis that she says she finds "disappointing." Many of the distinctive specialty shops and family-owned retail stores she used to walk by are gone, replaced by big-name chain outlets and trendy yuppie havens. Where once she saw a panoply of individualistic store fronts, she now sees a high-rise facade of modernized merchandising...