Word: staking
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Time and again, volunteers have jump-started dormant death houses. Gary Gilmore, whose 1977 execution rang in the modern capital-punishment era, was a volunteer. So was Oklahoma City bomber Timothy McVeigh, the first federal prisoner executed since 1963. Death-row inmates often recognize what's at stake. In Ohio in 1997, rioting death-row inmates attempted to kill Wilford Lee Berry Jr., who was trying to become the first Ohioan executed in more than 30 years. Berry survived the beating and was put to death in 1999. Since then, 15 other Ohio inmates have been executed...
Corporate Raider Carl Icahn's usual strategy is to buy a stake in a target company and then sell out to another bidder at a huge profit. But this time the New York City financier may stick around and keep the business. Last week he gained virtual control of TWA, the sixth largest U.S. airline, by accumulating at least 45.5% of the company's stock. In the process Icahn may have defeated Frank Lorenzo, the chairman of Texas Air and a rival bidder for TWA, with a series of intricate maneuvers worthy of the Navy's Blue Angels flying aces...
...from Lorenzo to escape a previous $18-a-share offer by Icahn. In fact, TWA President Carl Meyer openly courted Lorenzo, fearing that Icahn might dismantle the company and sell its pieces for quick gain. After the TWA-Lorenzo deal, Wall Street expected Icahn to cash in his 35% stake and reap an estimated $50 million profit...
...Sauter and Joyce were his targets, many CBS employees blame the duo for low morale within the division. At the same time, an internal struggle is being waged over how CBS News should be run and the way news should be presented. For some veterans, nothing less is at stake than the legacy of CBS Icon Edward R. Murrow. Says a long-term CBS correspondent: "The issue is what kind of product ought to be going out in the name of CBS News...
...stake is the indispensable Japanese market: Japan's consumers spend more money on luxury goods than anyone else in the world, and they account for a monster portion of revenue, 25% to 30%, for both companies. Coach had total sales of $1.32 billion last fiscal year, LVMH $16.18 billion. Coach often tests its hottest designs in Japan. After shoppers responded well to the Signature Collection in 2001, for instance, the company increased production of those bags in Japan...