Word: walls
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Dates: during 1970-1979
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...read some excerpts from the task force report on concentrations. Bok asked for discussion; the Faculty were silent. Bok asked again if anyone cared to comment on the proposals. The Faculty remained silent. The grandfather clock in the corner resolutely ticked off the seconds, and the faces on the wall looked down. Bok asked one last time. There was a nervous cough from the back of the room and a teacup rattled against a saucer on someone's lap. The Faculty had nothing to say. Bok adjourned the meeting...
...Savigny-sur-Orge basement, to prevent him from gaining knowledge of his surroundings, the kidnapers forced Empain to remain inside an unlit camping tent. He spent his lonely hours making the few mental notes that he could-two dogs barking, a child crying upstairs, some cracks in a plaster wall he could see. Heavy chains were padlocked around his neck, and the temperature was kept frigid. At mealtime one of the gang would alert the prisoner of his approach by coughing; Empain would then have to draw a hood over his head and cough to indicate that he was wearing...
Burger's blast is hyperbolic fire for effect, but there is real and widespread cause for concern in the orgiastic growth of laws and lawyers. Says Laurence Silberman, a former U.S. Deputy Attorney General who is now counsel to the Wall Street law firm Dewey Ballantine: "The legal process, because of its unbridled growth, has become a cancer which threatens the vitality of our forms of capitalism and democracy." Others wonder whether the rule of law will prevail in the U.S., or the rule of lawyers...
That siren song should win some ready listeners. When the big copper producer was forced to divest itself of Peabody Coal by Government edict last June, savvy Wall Street analysts speculated that some or all of the $1.2 billion Kennecott received would be paid in the form of a special dividend. Instead, Chairman Milliken, apparently fearing an unfriendly takeover attempt, paid $66 a share for Carborundum. The rationale: the bigger the company, the more difficult it is to finance a raid. By paying more than twice the book value for a ho-hum company, Milliken let himself in for savage...
Berner's strategy is similar to his attack on Curtiss-Wright in 1948. Management had been piling up cash; Berner, then a Wall Street lawyer, badgered it to distribute the hoard in a special dividend to shareholders. Curtiss-Wright refused, so Berner launched a proxy fight, forced the company to dispense dividends liberally and eventually had himself elected a director and chief executive...