Word: shrewd
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...Loews chairman may have also been drawn to CBS by a desire to safeguard the independence of a network news operation. Says CBS Board Member Harold Brown: "Larry Tisch is a public-spirited citizen who is also a very shrewd businessman. He does have the public interest at heart. He regards the network as something to be protected from selfish or disruptive or repressive influences...
...Wyman, Paley will be acting chairman and Tisch will serve as chief executive. For the 84-year-old Paley, it is a triumphant return to a throne that he had never really wanted to relinquish. But clearly the man who has captured control of CBS is Tisch, 63. The shrewd investor and conglomerateur is now far and away the company's largest shareholder, with 24.9% of its stock (Paley is next with 8.1%). The irony of Tisch's sudden rise to dominance was considerable, since the soft- spoken, bald executive first purchased CBS shares last year largely at Wyman...
...Hunts' downfall was in the making long before the oil slump. Their troubles go back to 1979, when Bunker and Herbert began hoarding silver. They ultimately amassed some 59 million oz. of the precious metal, which seemed a shrewd move as the price of silver climbed to a high of $50.35 per oz. in January 1980. It was a gamble characteristic of the sons of H.L. Hunt, who once made a living as a cardplayer. But this time the Hunts' luck ran out. When the silver price plummeted to $10.20 per oz. two months later, the Hunts were suddenly left...
...cars but for the domestic U.S. auto industry, which is expected to produce about 8.7 million cars this year. At a time when American auto firms are fighting hard to regain ground lost earlier to Japanese and other foreign manufacturers, Honda has established a strong U.S. foothold with its shrewd decision in 1977 to build an assembly plant in Marysville, Ohio. Honda's expansion is also a sign that Japanese manufacturers are gearing up their competitive engines to maintain and enlarge their market share...
British Author Ruth Rendell writes two kinds of novels: the continuing adventures of two shrewd and dogged suburban policemen, Wexford and Burden, which delight her fans, and dark journeys into the deranged psyches of outwardly normal people, which fascinate her but sell far fewer copies. The first group fits comfortably into the mystery genre. The second resists pigeonholes. The books feature no heroic detective and no gathering of suspects for a summing up. Sometimes the precise nature of a crime remains known only to the perpetrator. The lure to the reader is not to see justice done but to understand...