Word: staked
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Dates: during 1980-1989
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...Hodel approves the plan, as is expected, it will go before Congress, where supporters of the two interest groups will clash in earnest. "It is an enormous land-use decision," says Fish and Wildlife Spokesman Phil Million. "At stake is the largest remaining U.S. reserve of oil (and) a fragile ecosystem. The issue will be the environmental battle of the late...
...hostile $4.1 billion offer to buy Gillette, the razor-blade maker. Probably more important, though, was the ! fast $34 million that Revlon earned by promising to back off. Investors branded the payoff as a clear case of greenmail, since Gillette agreed to buy back Perelman's 13.9% stake in the company at a premium price that was unavailable to other shareholders...
Initially, however, the Barclays move will have little negative economic impact on South Africa. Barclays National will be operated by its new owners in much the same manner as it was when the British firm held a major stake in the company. Chris Ball, the managing director of Barclays National, noted that the South African firm would now be free to compete around the world with the British bank. Said he: "We are a very powerful bank, and we can continue extending our business abroad." Experts consider the bank's $116 million price tag a bargain for the South Africans...
...bitter family struggle. Boesky's father-in-law had bought the hotel in the early 1950s and left 48% ownership to each of his daughters, Seema and her sister Muriel Slatkin. Muriel and Husband Burton ran the hotel until 1980, when the Boeskys managed to buy the remaining 4% stake from another relative...
Duarte and a democratic El Salvador may find it difficult to last without substantial doses of continued American economic and military support. The U.S. has a high stake in Duarte's survival but seems uncertain precisely how best to strengthen his hand, apart from providing massive aid indefinitely. Says a Salvadoran banker: "The poor are a lot less afraid of Communism than the wealthy, and it is the poor who are suffering." U.S. policymakers are mindful of that assessment. To counter the implicit threat, Duarte, whose government is reportedly plagued by low-level official corruption, must not only obtain additional...