Word: sams
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Dates: during 1990-1999
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...Sam Skinner's staff planned "private time" on official trips (for private things like playing golf). Over at Clinton headquarters, frazzled aides talk about a scarcity of "face time" -- opportunities to talk to the candidate in person. Next: "ear time," those moments when the boss is actually listening...
Washington: Stanley W. Cloud, Margaret Carlson, Ann Blackman, Michael Duffy, Dan Goodgame, Ted Gup, S.C. Gwynne, Julie Johnson, J.F.O. McAllister, Jay Peterzell, Elaine Shannon, Dick Thompson, Nancy Traver Boston: Sam Allis, Melissa Ludtke Chicago: Jon D. Hull, Elizabeth Taylor Detroit: William McWhirter Atlanta: Michael Riley Houston: Richard Woodbury Miami: Cathy Booth Los Angeles: Jordan Bonfante, Jeanne McDowell, Sylvester Monroe, James Willwerth, Sally B. Donnelly San Francisco: David S. Jackson...
...they pay no interest on part of their debt by slashing prices and wreaking havoc on their competitors. Most companies that take refuge in Chapter 11 ultimately fail anyway, critics say, leaving creditors with even fewer assets than if the firms had been liquidated in the first place. Says Sam Zell, a Chicago financier: "It isn't good for the economy to prop up cripples and hand them unfair advantages that allow them to bleed income and help destroy the healthy competition...
Many experts agree that changes in Chapter 11 are sorely needed. "Nobody thought it would ever come to this," says Sam Giordano, executive director of the American Bankruptcy Institute, a clearinghouse for bankruptcy information. "The law was meant to keep people employed and allow companies to be good corporate citizens, not allow bankruptcy to be a shield for purposes for which it was never intended. Right now," Giordano says, Chapter 11 "is just a hodgepodge that's being decided on a case-by-case basis. It's probably time to revisit the law itself...
AMERICA ABROAD: Uncle Sam as Globocop...