Word: shared
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Dates: during 1980-1989
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...hour to an hour and a half and came back and said, "Ross, is this frivolous?" I said, "Define frivolous." They said, not frivolous would be anything north of the highest that the stock of this company has ever traded at. That is about $71 per share. I said, "It is north of that." They said, "Well, then you should make...
...chief executive has inside information about his company, which allows him to gauge its value better than any outsider. Why, then, did you first offer $75 per share when you are now prepared to pay $100 per share...
...There is risk. Less at $75 per share than at $100 per share. At $100 per share, I will have to sell off more businesses. But our tobacco business can stand a lot of leverage. It's the sheer size of this thing that makes everybody shake their heads. I've felt like an Iranian hostage for the past 43 days. You say, would you have done this if you had it to do over again? And my answer is yes. I can look every day into the mirror and say this was the right thing...
...compared with a fee of less than 1% for a higher-grade issue. Milken's web of buyers and sellers for the bonds has given him a virtual lock on the market, though the entry of such competitors as Morgan Stanley and First Boston has whittled Drexel's market share from a monopoly in the late 1970s to about 50% today. For his huge contribution to Drexel's bottom line, Milken has pocketed bonuses of as much as $200 million in a year and accumulated the largest individual stake in Drexel: a 6% share consisting of stocks and warrants worth...
Experts have said the University may turn a 30 percent profit on its share in the buyout. Harvard also stands to benefit from its ownership of RJR stock, which has nearly doubled in value since the takeover bidding began five weeks...