Word: tendernesses
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Dates: during 1980-1989
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Known as the "country of eternal springtime," Guatemala appears peaceful. Late-model cars breeze along the capital's tree-lined boulevards, and restaurants draw crowds with such delicacies as imported stone crabs and tender churrasco steaks. But that façade of tranquillity conceals some unpleasant facts. According to Western diplomats, the average number of violent deaths each week has increased from 150 under former President Efraín Ríos Montt to 190. Daily newspapers display incongruously cheerful pictures of students and young professionals who have "disappeared." Earlier this month an engineering student known for his leftist...
...Russia, Gorbachev holds a law degree from Moscow State University and another degree in agronomy from the Stavropol Agricultural Institute. His knowledge of farming, the weak link in Soviet economic planning, won him a place in the Secretariat and catapulted him into the Politburo's inner circle at the tender age of 49. Continuing failures on the farm have cut short the careers of past agricultural experts, but Gorbachev appears to be flourishing even though he has presided over a string of bad harvests (before the much improved 200 million-ton yield...
During the Depression, he bought a 40-acre farm in North Brooklin on the Maine sea-coast (where he lives to this day), and beat the first of several retreats from the tender trap of The New Yorker. A mystified Ross was heard to complain: "He just sails around in some God damn boat." During his sabbaticals White also compiled (with Katharine) the enormously successful A Subtreasury of American Humor; he revised and updated the yellowing strictures of one of his Cornell English professors into The Elements of Style, a tiny textbook that has sold in the millions; he wrote...
Martin Marietta's tactic was a prime example of the Pac-Man defense, whereby a threatened company responds to a takeover bid by trying to buy up its attacker's stock. Another defense is the self-tender. A company threatened by takeover of fers to buy its own shares at prices higher than the attacker...
Another maneuver is to adopt a bylaw requiring a super-majority of outstanding voting shares, say 70% or 80%, for approval of a tender offer. Reincorporating in a state with rules that favor existing management is another defense. In Delaware, certain defensive tactics, like issuing rights or options to buy shares of a company, can be approved by directors alone, without a vote by shareholders. Gulf reincorporated in Delaware from Pennsylvania, thus shielding itself at least for now against a raid by Mesa Petroleum's T. Boone Pickens Jr. Many experts question the legality of shark repellents. Dissident shareholders...