Word: shorted
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Dates: during 1960-1969
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...bore. No one was more annoyed than Bowie Kuhn, the newly appointed commissioner of baseball. Last week, as the negotiators were about to call for yet another vote from the 700 members of the association-a process that would have taken at least two more weeks-Kuhn cut short a Florida vacation and flew back to Manhattan to offer a suggestion. Lock the door, he said succinctly, sit down and settle the damn thing. Both sides got the message. After a session that dragged on until 5 a.m., a settlement was made...
...last week that some complex forms of conglomerate financing offer only "an illusion of security." Testifying before a House subcommittee, he counseled investors against being misled by "apparent improvements" in the earnings of aggressive conglomerates. "Those who are engineering the present wave of takeovers," he said, "appear to find short-term profits so tempting that they ignore long-term risks." Later, Robert W. Haack, president of the New York Stock Exchange, told another House subcommittee that he is becoming "increasingly concerned" about the real worth of debt securities that are being offered to the public in corporate takeover deals. Next...
...offer to repurchase 20% of its own outstanding shares at $50 each. If successful, the move would have increased Bluhdorn's stake in Armour from 9.8% to 12½%, thus making Gulf & Western an "insider"* under the rules of the Securities and Exchange Commission?and insiders are barred from pocketing short-term profits in their company's shares...
...this meeting that one of X's founders, a man who has since fled to New York to escape cultural persecution, formulated a basic X goal: to be misunderstood by the Press. Therefore, I would personally like to thank the CRIMSON for printing John G. Short's splendid melange of myth, error, and misinterpretation about H-R X. Randolph Boog First Hyperion Harvard-Radcliffe...
...Loeb always needs that new blood which is scared off by the rumors surrounding the place, and often must tap house who staffs when it's short on labor. But besides being scary, there exists no attractive or formalized way to learn at the Loeb. The freshman apprentice program was not credited with great success by anybody. Donald Soule and Frank Hartenstein, the Loeb technical and assistant technical directors, are there to prevent fingers from being cut off and equipment from being destroyed; they'll answer specific questions, but they are not there to teach...