Word: unioned
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Dates: during 1990-1999
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Higginbotham received acclaim for hismulti-volume series of books titled Race andthe American Legal Process. He held honorarydegrees from over 60 institutions, and earlierthis year received the Roger Baldwin Award of theAmerican Civil Liberties Union...
With no hope of even a cyclical upturn in the plain-paper business, Union Camp was shunned by the investors that most influence stock prices: the mutual funds. Before the bid by International Paper, Union Camp was one of only 12 among the 66 industrial companies in the S&P 500 that still traded below its 1987 high--after a decade when that index quadrupled...
...winners from the demise of Mobil and Union Camp will be the remaining players--assuming the deals are approved by shareholders and regulators. The only way to get pricing under control is to take out capacity. Exxon's takeover of Mobil could lead to somewhat higher gas prices, as a price-cutting competitor gets vanquished. And International Paper's stock looks that much better, knowing it won't have to compete with Union Camp. Both companies can strip sales, marketing and technology spending out of the budgets of their prey. It is remarkable how much duplication and overlap can exist...
ELECTION CONCEDED. TO JAMES P. HOFFA, 57, for the presidency of the International Brotherhood of Teamsters, the hard-driving union his infamous father once ran. Though the vote count hadn't officially ended, challenger Tom Leedham conceded the election Saturday, effectively giving lawyer Hoffa the job. Hoffa lost a 1996 race that was later voided by federal monitors...
REWARD FOR A "RIGHTEOUS GENTILE" Christoph Meili, a watchman at the Union Bank of Switzerland in Zurich, tasted fame in January 1997 when he revealed that the bank was shredding Nazi-era documents just as death-camp survivors were trying to reclaim their accounts. Fired from his job and subjected to anonymous death threats, Margot Hornblower reported in our May 25, 1998, issue, he emigrated to New York City, where he started work as a doorman. Now Meili, 30, has accepted an $18,000-a-year scholarship at Chapman University in Orange, Calif. The "1939" Club, a group...