Word: swallowings
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Dates: during 1980-1989
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...defenses by eliminating a company bylaw that allowed a minority of shareholders to call special meetings. In addition, the company opened a $1.5 billion line of credit with a consortium of banks; it could use the funds to buy other companies, making it harder for Turner--or anybody--to swallow CBS. The maneuver churned up rumors that CBS might merge with Time Inc. or sell its magazine division to raise cash. CBS denied the gossip, as well as reports of a friendly merger offer by General Electric...
...parents, is basically unchanged. Every now and then a child-development expert grumbles that Spock has not kept up. But the author says, with much justice, that he simply got it right the first time around: "I don't mean to sound smug, but I haven't had to swallow any words so far. The book is sensible and sensitive, and it's not very easy to criticize...
...Navy Secretary W. Graham Claytor tried to negotiate an agreement. The Navy even invited General Dynamics' help in persuading Congress to authorize funds for the overruns. In June 1978 the two sides made a deal. In the largest settlement of its kind in Navy history, the Pentagon agreed to swallow $484 million of the company's $843 million claim. Veliotis recalls that it was a "wonderful deal" for General Dynamics. Says he: "The Navy gave us the money up front for overruns we had yet to incur, so we had the use of those millions at a time when interest...
...Defense. A maneuver named after the popular video game in which a company turns about and tries to swallow its pursuer. Even if it does not result in the acquisition of the firm that started the fray, the ploy can be a potent means of driving off the attacker...
...outset, the final stage was an amateurish hit-or-miss affair. The coqueros were content to ship cocaine into the U.S. via "mules," who would coat their stomachs with cod-liver oil or honey, then swallow the cocaine wrapped in condoms. If they were lucky, they could flush the drug out once they were over the border. Soon enough, however, the cocaine czars could afford to send bulk shipments into the U.S. in their own DC-6 aircraft or by high-powered speedboats. By 1983, indeed, the system was running so efficiently that the market was glutted with cocaine...