Word: roderick
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...most corporate managers, the very mention of Carl Icahn's name is enough to cause shudders. But USX Chairman David Roderick may be tougher than most. Last week, after a three-month battle to gain control of the largest U.S. steelmaker, Icahn abruptly gave up, outmaneuvered by Roderick. The corporate raider and TWA chairman had been unable to raise the $10.5 billion needed to capture the company. Says Joachim Schnabel, investment officer for the College Retirement Equities Fund, which holds more than 2 million USX shares: "You have to credit USX management for not caving...
...would have been easy enough for Roderick to submit, faced as he was with enormous pressures on all sides. For the past year the oil and gas business, which generates some 60% of USX revenues, has been hit by declining petroleum prices. USX has also been mired in a bitter five-month-old strike by 22,000 steelworkers. The firm, which earned $409 million on sales of $19.3 billion in 1985, is expected to report a net loss for 1986 of about $500 million on revenues of some $16.5 billion...
Harvard University Treasurer Roderick MacDougall '51 said yesterday that he did not know whether Harvard would reinvest in the Exxon Corporation...
...University Treasurer Roderick M. MacDougall '51 tells reporters that the new Angolan scholarship fund has absolutely nothing to do with the release of a Harvard student the day before. As an example of the University's longstanding tradition of helping Africans, MacDougall points out the million dollar fund to help educate Black South Africans--which, he adds, also had absolutely nothing to do with pressure on the University...
University Treasurer Roderick M. MacDougall,who did not work the entire year, according toO'Brien, was paid...