Word: sales
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Dates: during 1980-1989
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...latest moves angered many employees who had stood by Drexel during its two-year legal ordeal, in which the firm was investigated for stock fraud and other allegations. Outraged brokers shouted down Drexel chief executive Frederick Joseph when he fielded questions about the sale over the firm's coast-to-coast intercom. "You show a lot of loyalty," a disgruntled employee said later, "and what you get back is 'Don't let the door...
...SALE: 6,000-acre spread in the rolling hills north of Dallas. Includes two country clubs, a lake and beach, several small parks. Semioccupied. All this for less than $100 million...
...SALE: Continental Regency Hotel in Peoria, Ill. A city landmark with 333 rooms. Needs work. Anxious owner asks just $4 million...
...SALE: First-class polo complex in Selma, Texas. Features corrals, paddocks, barns, apartments, tennis courts. Will consider all offers over $7.5 million...
...pairs of pure, uncarved African elephant tusks were expected to bring their owner between $20,000 and $28,000 in an auction last week at Sotheby's in New York City. But they never made it to the block. Last week Sotheby's not only withdrew the tusks from sale but promised to stop dealing in elephant tusks or any jewelry, furniture or artwork containing ivory that is less than 50 years old. The change of heart was inspired by an outcry that began soon after the tusks appeared in Sotheby's catalog. Clients and environmentalists said the sale would...