Word: succeeded
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Dates: during 1980-1989
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Virtually no one on Wall Street believes Pickens intends to acquire Seattle-based Boeing (1986 sales: $16.3 billion) and become an aircraft tycoon. Nor is it likely that Pickens would succeed if he tried, since a hostile takeover could cost as much as $13 billion. Some investment pros believe Pickens aims to encourage a takeover bid by a large corporation like cash-rich Ford, which might be seeking high-tech acquisitions. As a major stockholder, Pickens could reap a fortune from any such merger. Alternatively, Pickens' strategy may be to force Boeing management to enhance its share price by launching...
That excitement is understandable. Gorbachev's reform campaign represents potentially the most wrenching transformation in the lives of Soviet citizens since World War II. But can he succeed? Many Western experts are doubtful. Predicts former U.S. Ambassador to Moscow Arthur Hartman: "Russian history will prove stronger than the modernizers. Real reform means distribution of power away from the center, away from the party. I don't think those guys will accept that voluntarily." Some students of Soviet history, noting that periods of reform have typically alternated with periods of reaction, suggest that Gorbachev's policies may proceed for a while...
Some investors succeed by shunning glamour. Russell Faucett, a Los Angeles financial adviser who spends about half his time managing his personal portfolio, looks for solid, small Rust Belt companies with lackluster earnings and low profiles. Says he: "Well, my stocks are kind of boring actually, and of course they are of no interest to the big investment firms, because the brokers can't tell a good story about them to their clients...
...claiming he did not tell the President, John Poindexter lifts some pressure off Ronald Reagan. But his testimony raises questions: Is it credible? Can policies succeed when responsibility stops short of the Oval Office? -- Oliver North' s pleas for the contras revive efforts to win more U. S. aid. -- An administrator who inspires creativity, Michael Dukakis seeks the presidency...
...have a more efficient economy," says Richard Perle, a former Assistant Secretary of Defense. Henry Kissinger, who believes that the Soviet attempts at reform are sincere, captures the dilemma nicely: "There are two dangers for the U.S. in this program: first, that it may fail; second, that it may succeed." The U.S., Kissinger adds, should not make foreign policy concessions based on a desire to affect Soviet domestic reforms...