Word: tiring
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Dates: during 1980-1989
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Smith Barney, another blue-chip investment firm, started its own brouhaha by suing Goodyear Tire and Rubber and Sir James Goldsmith. To stop a takeover bid by Goldsmith last month, Goodyear agreed to buy back the raider's 12.6 million shares of the company for $52.50 apiece, nearly a 22% premium over their market value of $43. Such buyouts at a premium not available to other shareholders are known as greenmail...
...must you hiss every time a professor says "Yale" in class? Hiding behind The Joke's inherent anonymity, hundreds. of Harvard undergraduates daily undergo a dreaded ritual of emitting the grating sound of a tire being punctured by a rusty nail. Don't look so innocent you whey-faced, chicken-butt cowards. Yea, I know it's not you--its the next guy. Always the next guy. Well listen up, spineless--it's a community problem now, a problem we are going to have to face and deal with together...
...James Goldsmith, 53, the Anglo-French raider, abruptly ended his 2 1/2- week siege of Goodyear Tire & Rubber, the Akron manufacturer, after being grilled before the House Subcommittee on Monopolies and Commercial Law in Washington. "My question is: Who the hell are you?" said Ohio Democrat John Seiberling, whose family founded Goodyear. Goldsmith's sharp retort was that he represented the "rough, tough world of competition . . . a world in which you run a business as a business and not as an institution." But the aggressive tycoon, who owned 11.5% of Goodyear's stock and had offered $4.7 billion...
...effect on Jan. 1, some acquisition contracts reportedly contain "drop-dead" clauses, which state that the deal is off if the transaction is not completed before year's end. In the midst of this merger activity, takeover speculation has driven up the stocks of some companies. Among them: Goodyear Tire & Rubber, whose shares rose from 34 1/2 on Oct. 1 to 48 1/4 at the end of last week, and the E.F. Hutton Group, which rose from 42 to 51 1/8 during the same period...
Another incident was funny. Tires do go flat by themselves occasionally, and it's hard for me to change them, so when I get a flat I flag down a truck. Any driver is happy to change a tire for three rubles. One time, the truck driver whom I flagged was surprised by my request, since he saw a strapping young man near my car. When he was finished changing my tire and I offered him a three- ruble note, he said, "Don't bother, mother, but you should teach your kid a lesson. What's the matter with...