Word: stocked
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Dates: during 1970-1979
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...company bail him and three partners out of a bad investment in some Texas movie theaters by having Starr buy the theaters. Rather than fight the charge, Buckley signed a tough consent decree, saying :hat he wanted to avoid costly litigation. The decree requires him to surrender Starr stock worth more than $600,000 to a court-administered fund that may be distributed to other Starr stockholders and to forgo some payments Starr owed him. The total cost to Buckley could reach $1.4 million, which is unusually stiff for an SEC case. Buckley was also barred from serving...
Kenneth Uston resigned as a $42,500-a-year senior vice president of the Pacific Stock Exchange four years ago to become a professional blackjack player. He is good. Too good for the casinos to handle. Uston is known as a "counter," because he can keep track of the cards so well that he can determine if those remaining will tip the odds in his favor...
...fact been quietly cutting back their European operations for some years, the specter of a wholesale pullout was not raised until last summer. Then, Chrysler Corp. abruptly announced that it was selling its European business to France's Peugeot-Citroën for $430 million in cash and stock in the French company. Since then, alarmist charges have regularly bobbed up in Europe's press. "The American multinationals are deserting," warns a French economic weekly. "U.S. business is at ebb tide," declares a Belgian magazine...
...attacks on Amexco's "corporate morality" and unwilling to take the chance that further such assaults would blacken its reputation during a drawnout struggle. At the start of the week, Amexco Chairman James D. Robinson III raised the company's bid for McGraw-Hill stock from $34 a share to $40, or a total of almost $1 billion in cash. But he promised not to make a tender offer to stockholders unless the majority of McGraw-Hill's board approved the bid- or at least agreed "not to oppose it by propaganda, lobbying, litigation or otherwise...
...good number apparently are not; the $40 bid is far above the market price of McGraw-Hill shares ($30 last week). Harold McGraw's cousin Donald, who was forced out of his posts as a company group president and director, but still owns 2.5% of the stock, said he was "annoyed" that the board did not at least negotiate with American Express...