Word: selling
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Dates: during 1980-1989
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Using the proceeds from the sell-offs, Davis then began acquiring media properties like Esquire magazine and the Prentice Hall publishing firm. Wall Street applauded the restructuring and sent G&W's stock on a climb that earned shareholders a 240% return on their investment from 1983 to 1988. Davis became one of the highest-paid CEOs, reportedly earning more than $16 million in total compensation last year...
...save it from Paramount's grasp. But almost any bidder with enough financial backing could jump into the fray without being invited. Moreover, Wall Street analysts believe that all three companies are now up for sale, since their stock is falling into the hands of speculators who will gladly sell to the highest bidder. "I bet none of the three companies will exist a year from now," says Ellen Greenspan, a leading Wall Street arbitrager...
...last week, Davis sought to downplay the debt issue. "We have the ability and the credibility to manage this debt," he said. "Also, it will not last forever. We will bring it down in time." An avowed cost cutter, Davis strongly denied rumors that he would dismantle Time by selling off its magazine operations to reduce the debt. "We are not going to sell anything," Davis said. "We are not bust-up artists." He also said he would maintain the editorial independence and integrity of Time's books and magazines. "Not only will we maintain editorial independence," Davis insisted...
...force is up to a doddering 46 1/2 years. "We just don't have the money and the personnel to keep the peace," sighs Inspector Lawrence Brewer, a veteran of nearly 22 years in the department. "There are guys literally jumping on our car hoods to sell us crack, but there's no money to pay informants or make buys. We have the highest homicide rate in the state, and people come across from Missouri to buy crack and dump bodies here. The bad guys know we can't handle...
...have a way to go. Opposition leaders and some L.D.P. members have criticized the choice of Uno, a former member of the faction led by ex-Prime Minister Yasuhiro Nakasone, during whose administration (1982-87) the Recruit Co. helped line politicians' pockets by offering to sell them stock in its real estate subsidiary at reduced rates before it went public. The next chapter of the Recruit scandal may be written when voters go to the polls next month to fill 126 seats in the upper house of the Diet...