Word: tisch
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...arbs, however, can lose fortunes in an instant if a merger agreement falls apart. These dramatic wins and wipeouts have earned arbs a reputation as Wall Street's most daring investors. Says Daniel Tisch, an arb for Wall Street's Salomon Brothers: "You can't be 100% sane to sit here and, based on 20 words on the Dow Jones wire, risk $10 million to $15 million...
...evening was conceived as a tribute by New York University's Tisch School of the Arts, which credits the Group Theater with spiritual parentage, not only of its own drama program but of much of the naturalism, progressivism, bohemianism and political activism in several decades of American drama and film. Introducing the event, N.Y.U.'s chairman of undergraduate drama, Evangeline Morphos, said, "It is with the founding of the Group that the American theater finds its voice." The company's 23 productions included Clifford Odets' Golden Boy and Waiting for Lefty, William Saroyan...
...Executives from Pillsbury and Control Data help keep the wood-paneled, chandeliered rooms of the Minneapolis Club filled to near capacity on weekday mornings. At New York City's Regency Hotel, Publisher Rupert Murdoch, Labor Lawyer Theodore Kheel and Investment Banker Felix Rohatyn frequently occupy adjacent tables. Bob Tisch, chairman of Loews Hotels, which owns the Regency, and a habitual breakfaster, says, "The transactions are very gentlemanlike, but there is big money negotiated here...
...School of the Arts will be renamed in honor of the donors. Laurence Tisch, chairman of NYU's board of trustees, and his brother, Preston Robert Tisch, who have both given money to the school in the past...
...Michigan, voters turned down a similar proposal that would have rolled back property assessments to 1978 levels, then cut taxes in half. The Tisch amendment, named after the Shiawassee County drain commissioner who drew up the proposal, at first had broad support led by homeowners and real estate developers, who believed that a revitalized economy would make up for the lost tax revenues. But Governor William Milliken, who had already cut more than $100 million from the budget this year, estimated that the amendment would cost the state an annual $2 billion. Michigan, Milliken said, would have to fire...