Word: stockings
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Dates: during 1980-1989
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Black students takeover Massachusetts Hall, which houses the office of the president, to protest the Universities refusal to divest of stock in Gulf Oil. The students charged that the oil company was supporting the colonial government of Portugal in Angola. Bok worked out of a separate office for seven days. Eventually the students left on their own volition; no arrests were made...
Abramowitz, the first to challenge the BUbanner policy, late last March hung a 4-by-10-ft.sign urging the school to divest its $22.3 millionworth of stock in companies doing business inSouth Africa. University employees removed thebanner after Abramowitz refused...
Lawyer Daniel Bergstein, a senior partner in the New York firm of Finley Kumble Wagner, which has many Wall Street clients, notes that raiders and arbitragers can form what he calls an "unholy alliance." In a typical maneuver, they might have a mutual commitment to buy up stock in a company, limiting their blocks to less than 5% to avoid the SEC's required disclosure rule. Then one member of the ring can leak the rumor of an impending takeover. When legitimate arbitragers leap into the fray, the group can unload at an inflated stock price and make off with...
Auction fever has also been fueled by the stock boom, which has created a new class of mega-rich Americans, some of whom are doubtless more interested in the prestige that comes with the ownership of art than they are in the art itself. "A few years ago, there was only a handful of people who could bid $1 million," says Art Dealer Richard Feigen. "Today you have unlimited billions, and at every one of these sales there are new faces...
Minitel is not all digitized gossip. Farmers use it to track weather reports and commodity prices. Pharmacists order drugs, investors check stock portfolios, and real estate agents post listings. Collectors sell antique furniture, rare coins and secondhand fur coats. Jacques Toubon, leader of Premier Jacques Chirac's Rassemblement pour la Republique party, invited voters last August to pose questions to him via Minitel and drew thousands of responses...