Word: rjr
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...impact of the settlement last week, the stock of several tobacco companies took a drubbing. Among them was Philip Morris, which plunged $17.50 a share to finish trading for the week at $111.50--a drop of 13.6% or $14 billion in market value. Also punished was stock of RJR Nabisco, parent company of R.J. Reynolds (Winston, Camel), which closed at $31 a share on Friday for a five-day drop...
LeBow, 59, makes an unlikely populist hero. He's an '80s-style corporate buccaneer who plundered Western Union, rattled American Brands and took runs at Prime Computer and RJR Nabisco. As head of the Liggett tobacco company, he has contributed to one of America's unhealthiest habits, but last week, ironically, he became the bearer of gifts to those plotting the demise of the cigarette industry. In settling a raft of lawsuits, LeBow agreed to turn over documents that presumably tell what the tobacco execs knew and when they knew...
...watched his company sink into bankruptcy in 1991. Then, amazingly enough, he managed to find a buyer for the business a couple of years ago, which allowed him to pay off old debts and emerge with some $300 million in cash--his springboard to the skirmish with RJR and a rejuvenated raiding career...
...RJR proxy fight in 1995-96--in which LeBow proposed to split the company into two pieces, the Nabisco Brands food group and the R.J. Reynolds tobacco firm--was ultimately rejected by skeptical stockholders. "I think it was...an issue of character," said tobacco-industry analyst Ellen Baras at the time. "I think there are people who would support a spin-off of Nabisco, but not by LeBow." One of the prime factors was LeBow's dubious reputation as a manager. In 1994 his own shareholders had sued him, claiming he had taken millions of dollars in improper loans; LeBow...
...celebrate the launch of his private yacht, modeled after Queen Victoria's. He reportedly gave guests gold coins bearing a likeness of himself wearing a Lord Nelson hat. He has sold off some of his lavish baubles in recent years, but his profligate reputation remains a flaw. In the RJR fight, opponents delighted in propagating the slogan "LeBow...Le Bankrupt. Any questions...