Word: stockings
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Dates: during 1980-1989
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...first time since the agency was founded 19 years ago. Said he: "It's going to be a tough year." Stunned by the abrupt reversal at the juggernaut company, analysts slashed their predictions of its 1989 profits from $280 million to about $165 million. The company's stock plunged, falling more than 15% on the day of the announcement...
Ginger Walker, a vivacious 30-year-old Clay Centerite, launched her own business, Ginger's Shoe Shoppe, three years ago. Her stylish boutique carries an impressive assortment of stock, and has attracted enough customers so far to make a passable profit. Says Walker: "The biggest challenge is to compete with the large communities around us. Our prices aren't that much different. It's just the magic of the malls...
...question mark is the stance of Herbert Siegel, the president of Chris-Craft Industries, which is Warner's largest shareholder, controlling 19% of the company's stock. He and Ross do not get along, largely because Siegel disapproves of the way Warner spends money on generous executive compensation (for Ross alone in 1987: $4.5 million in salary and bonus) and corporate amenities like the six-bedroom Acapulco villa for entertaining movie stars. Siegel also apparently believes that Warner is being undervalued in the merger agreement. When the proposed deal came up before Warner's board for a vote, Siegel abstained...
...detentions marked a fresh turn in the Recruit scandal, the spreading stock-for-influence deal that has already claimed three Cabinet ministers in the government of Prime Minister Noboru Takeshita. Shinto stands accused of taking $70,000 in bribes in the form of stock profits from heavily discounted shares of a Recruit Co. subsidiary. In return, the former NTT boss allegedly helped the fast-growing employment-and-communications firm break into the telecommunications business...
...felt the sting more than William Gates, 33, the boyish-looking co-founder and chairman of the software- manufacturing firm. His 38% stake in Microsoft left him nearly $175 million poorer -- on paper. (His shares are still worth $1.1 billion.) Investors dumped the stock after hearing that profits were about to dip because of unanticipated delays in shipping two new versions of Microsoft's word- processing program...