Word: simonizers
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Dates: during 1980-1989
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...quoted in Robert Sam Anson's new book, Exile, The Unquiet Oblivion of Richard M. Nixon (Simon & Schuster...
...Simon & Schuster; 455 pages...
...disparity prompts notice, discussion, opinions. Should the U.S.O.C., or some indulgent megacorp, buy Turner and the other kayakers a car? Well, no, that is not the point. "The whole Olympic idea is in danger of losing the support of the people," argues U.S.O.C. President William Simon. He has bombarded the International Olympic Committee with his strong views on easing restrictions, and, he says, he has been "summarily ignored. Nothing has happened. There's so much hypocrisy. Take tennis, a demonstration sport this year. Eligibility is by age. That means Jimmy Arias, who made more than $1 million playing tennis...
Thus does grim irony follow upon gruesome tragedy in The Quality of Mercy (Simon & Schuster; 464 pages) by British Journalist William Shawcross. In his 1979 work, Sideshow, the author argued that through secret bombings the Nixon Administration had almost casually devastated Kampuchea (then called Cambodia), thereby facilitating the murderous rise of the Communist guerrillas of the Khmer Rouge. Here Shawcross investigates the horrors that came after the bloodbath. Drawing extensively from official reports, international-relief-organization memos, firsthand experiences and interviews with protagonists from all sides, he has put together an assiduously detailed account of how, as one senior...
...assets as collateral. Since the loans needed for a leveraged buyout are thus backed by the company itself, there can be big profits for the investors, who often put up very little of their own cash. In one of the most celebrated leveraged buyouts, former Treasury Secretary William Simon and a group of financiers bought Gibson Greetings in January 1982 for $80 million while putting up only $1 million of their own money. Sixteen months later, Simon's group took Gibson public in a stock offering worth $290 million. Simon's profit on the deal: $66 million. Fortnight...