Word: stockings
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Dates: during 1980-1989
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When United Airlines paid $2.1 billion for new 747-300 and 747-400 jetliners from Seattle's Boeing last week, the No. 2 U.S. carrier secured more than standard safety equipment. As part of the deal, Boeing agreed to purchase $700 million in promissory notes convertible to stock in the airline's parent, Allegis, based in Elk Grove Village, Ill. If Boeing acquires stock, it could become the company's largest shareholder and thus help Allegis thwart hostile takeover attempts. Boeing cannot exceed a 30% share without the consent of Allegis' board...
...agreement did not quell speculative interest in Allegis stock, which rose 4 1/2 last week, closing at 72 3/8. Several unidentified investors were believed to be amassing large holdings. United's pilots union, which wants to buy the airline, said the Boeing-Allegis alliance will not affect its plans...
...tangled state of American ethics. His task could not have been more timely or more daunting, nor could his comment have been more appropriate. Large sections of the nation's ethical roofing have been sagging badly, from the White House to churches, schools, industries, medical centers, law firms and stock brokerages -- pressing down on the institutions and enterprises that make up the body and blood of America...
...pioneering Hawaiian financial tycoon; of a heart attack; in Honolulu. Starting in high school as a pencil and thermometer salesman, Ho built a real estate empire that stretched from California to Hong Kong. Ho, the first man of Asian ancestry to be named president of the Honolulu stock exchange, was also the putative model for Hong Kong Kee, the wily businessman who outsmarts the white hierarchy in James Michener's Hawaii...
...nonfamily members who were brought in to run the company a decade ago, won the support of many of the Bacardi heirs for the privatization plan, but another faction rose up in opposition. The dissidents feared that they would lose their voice in management and that removing the stock from public trading would hurt its value. Said a discontented family member: "The reasons put forth in the proxy statement are not sufficiently weighty to put the company through this trauma...