Word: timberland
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Dates: during 2000-2009
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Goldsmith says he went after Crown Zellerbach for its almost 2 million acres of timberland holdings. Said he: "It's a huge gamble, but in the long run the price of timber will rise." Some industry observers think that he may restructure the company, keeping the forest holdings but selling off pulp and paper mills. In 1982 Goldsmith purchased Diamond International, another timber-products company, and then sold off pulp, paper and other divisions for an estimated $500 million gain. SCANDALS $10 Million in Back Taxes...
...poor living conditions and disregard for their rights. Discontent has boiled over in a rising number of strikes and protests. Taiwan-owned Stella International's six Dongguan factories, which employ some 50,000 people making shoes for more than a dozen overseas companies, including Nike, Reebok, Clarks, Sears and Timberland, were hit by at least three disturbances alone last spring. Grievances included the quality of cafeteria food, overtime policies and holiday...
Where did you get your outfit? The boots are Timberland, shirt is from the Gap, coat from Limited, bag is Express and I’m wearing It Jeans...
...also a good diversifier since its returns will not correlate closely with returns from equity markets.”Meyer said that because the most recent purchase was not “typical,” it has generated more interest than Harvard’s previous purchases of timberland...
...fact that the underlying land of the estate remains in the hands of the crown shows that while the Harvard Management Company’s expansion of its $1.2 billion worldwide investments in timberland is welcomed, it is by no means intended that actual New Zealand land should be sold off to international companies or private bidders in large quantities,” Schweder wrote in an e-mail...