Word: stockings
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...reunion-goers, this week is the time to stock up on Harvard paraphernalia, as local Harvard-ware store merchants will confirm...
...after 160 intervening pages of pablum, Vigeland offers a wonderful description of hijinks at the Harvard Management Company, the University's downtown moneymen, and their star, $240,000-a-year trader Bing Sung. Vigeland humorously captures the irony of stock- and bond-traders shouting at each other, manning three telephones at once, pioneering new kinds of financial deals--all for the benefit of the world's stodgiest university...
...come roaring back from a string of losses in the late 1970s and early 1980s. Fiat's profits increased 113% last year, to a record $884 million on sales of $18 billion. But the company has been unable to escape an increasingly embarrassing problem: about 15% of its stock is owned by Libya, and two representatives from the land of Muammar Gaddafi sit on Fiat's 25-member board...
...Fiat has prospered, the value of Libya's stock in the company has multiplied to an estimated $2.5 billion. Not surprisingly, Libya has no interest in ridding itself of what has proved to be a very good investment. Says Agnelli: "We have offered to buy, but they won't sell." Adds Roberto Nicolello, Fiat's chief of public affairs: "We're handcuffed. The Libyans are not interested in selling for one simple reason: Where can they put this money? No one will accept $1 from Gaddafi these days...
Since Libya currently owes Italian businesses and institutions more than $800 million, it is conceivable that Rome could seize the Libyans' Fiat stock as a partial repayment of the debt. But not likely. Government officials say that such a move is out of the question as long as Italy maintains diplomatic relations with Tripoli...