Word: turneritis
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Dates: during 1980-1989
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Among more recent takeovers, the SEC is said to be looking at the action of traders amid the turbulence surrounding Broadcaster Ted Turner's acquisition of MGM/UA, for which the Atlanta buccaneer paid $1.6 billion last March. In October 1985 the New York-based Maxxam Group, an investment and real estate- holdings firm, made an $800 million tender offer for San Francisco's Pacific Lumber, leading to the companies' merger early this year. Boesky is said to have bought 10,000 shares of Pacific Lumber stock three days before the tender was made public, and he may eventually have owned...
Scenario 3: After Harvard denies tenure to a group of junior professors on grounds of "competent and compassionate teaching," a highly organized group of anarcho-humanists occupies the Faculty Club. The protesters only leave after disrupting an academic dinner in honor of Kathleen Turner, and they refuse to appear before any disciplinary body. How should these students be disciplined without violating due process...
...surfaced in the hit-and-run stock market have tended to feed on themselves. One sign of that is the phenomenal growth of the so-called junk-bond market, a $100 billion pool of high-risk, high- interest securities that have backed such takeover bids as Atlanta Broadcaster Ted Turner's $5 billion failed attempt to buy out CBS and Carl Icahn's successful $300 million takeover of TWA. The creation of such huge war chests for the use of takeover artists, among others, has heightened merger activity...
...Turner said he wouldn't enter politics, sayingthat his program of world reform is more importantthan political office in any one country...
...Turner responded to criticisms that hisphilosophy is overly optimistic and simplistic."You've got to look at the good side of things,"he said. "We're gonna be dead anyway. Seventyyears doesn't last very long...