Word: staked
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Dates: during 1980-1989
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...most changed of the five is Mike Wallace. The long months of the Westmoreland libel trial had their cost. Millions of dollars were at stake. But when the general and Wallace met inadvertently, side by side, at a courthouse urinal, Wallace had the feeling they were "partners in misery." When Wallace got the flu, the general's wife gave him aspirin and apple juice. Wallace also found it unsettling as a journalist to be "on the other side of the scrutiny," with television cameras pursuing him. He is having what he calls sober second thoughts: "My appetite for the hard...
Indian officials were quick to dispute the report. "How can Union Carbide disown its own subsidiary?" H.R. Bharadwaj, India's Minister of State for Law and Justice, asked in an interview with the New York Times. (The company holds a 50.9% stake in Union Carbide India Ltd.) "We expected the company would try to palm off the blame," Kamal Pareek, an engineer familiar with the plant, told the paper. "But Union Carbide cannot escape responsibility." Indeed, suits totaling more than $250 billion have been filed against the firm on behalf of the residents of Bhopal...
...complex and changed so often that even the raiders at times grew confused amid the offers and counteroffers. It all began on Dec. 4, when Pickens, who had been buying Phillips stock since last October at an average price of $43, announced that he had acquired a 5% stake in the company and was going for more. That assault ended just before Christmas, when Phillips agreed to buy back Pickens' stock for $53 a share. Under the agreement, Phillips also consented to a financial restructuring to make the value of all stockowners' holdings equal to what Pickens received...
...Douce conceded that the debt is "higher than what's comfortable, based on the way we were raised around here." He stressed that the company has assumed a "manageable" burden. To cut debt, Phillips plans to sell about $2 billion worth of assets. Among the possibilities: the company's stake in the Ekofisk field in the North Sea, worth as much as $1.5 billion...
...priest the fierce young French theologian Calvin. He not only preached against sin but organized a * theocratic state that punished it. Wearing jewelry or playing cards was made illegal. A woman caught in adultery was drowned in the Rhone. A theologian who disputed Calvin was burned at the stake. Yet Calvin's teachings attracted followers from all over Europe, and his disciples spread his stern version of Protestantism to France, Scotland and New England...