Word: staking
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...think that a lot of people from around the University feel like they have a stake in the center and would like to have had some open discussion about its future mission,” the professor said. “Obviously the character of the director will have a great influence on the center. Given that Murray is running an empire, can he manage the center in addition?...We know that he’s superman, but this is quite an addition...
Kerkorian took another big swing last week. His investment vehicle, Tracinda, named for daughters Tracy and Linda, announced it had bought 22 million shares of General Motors and planned to buy up to 28 million more, for nearly a 9% stake, which would make Kerkorian one of GM's largest and most potentially nettlesome stockholders. Why GM, and why now? Just a couple of months ago, when a friend broached the idea, the billionaire brushed it off. "He said, 'They have a lot of problems,'" recalls Mason. GM stock has been a dud, and despite popping 18% after Tracinda announced...
Crazy as all this sounds--we're talking GM here, the world's largest automaker--Kerkorian practically wrote the how-to book on such tactics. In the late '70s he loaded up on shares of Columbia Pictures, then turned into such a litigious nightmare that Columbia bought his stake for a 50% premium, a settlement that Fay Vincent, then CEO of Columbia, called "greenmail" (a characterization disputed by a Kerkorian spokesman). In the '90s Kerkorian was at the center of a gear-grinding saga with Chrysler. After buying a big stake and standing by for a few years, he launched...
...question, Kerkorian still gets a kick out of high-stakes deals. In 2000 his MGM Grand bought Steve Wynn's Mirage Resorts for $6.4 billion, and last June Kerkorian snapped up the Mandalay Resort Group for $4.8 billion, giving him control of 11 hotel-casinos on the Strip and more than half the gambling action. Last year Kerkorian sold his stake in the MGM movie studio for $5 billion to a consortium led by Sony. In fact, Kerkorian's dalliance with MGM over the years reads like a sordid back-lot love story. He first bought shares in the studio...
...about it. Be honest and open with him, and hopefully you will receive the same treatment in return. Keep in mind, though, that your tutor is in a bit more of a precarious situation than you, as he has a year of delicious dining hall epicurean delights at stake. So, don’t take anything too personally: this is more than just about...