Word: walls
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Dates: during 1980-1989
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Using the proceeds from the sell-offs, Davis then began acquiring media properties like Esquire magazine and the Prentice Hall publishing firm. Wall Street applauded the restructuring and sent G&W's stock on a climb that earned shareholders a 240% return on their investment from 1983 to 1988. Davis became one of the highest-paid CEOs, reportedly earning more than $16 million in total compensation last year...
...take over four different companies. In early 1988 the 38-year-old maverick managed to acquire defense contractor Singer by bidding for it when no one else would, right after the stock-market crash. Last week, however, Bilzerian finally made what will probably be his most lasting mark on Wall Street. In the first jury verdict to arise out of the Government's three-year crackdown on insider trading, Bilzerian was convicted on nine counts of securities fraud and tax violations...
...offer touched off a frenzy among Wall Street arbitragers, who snapped up Time stock in the belief that Paramount would prevail or attract other bidders into the fray. Time shares skyrocketed from 126 to 170 on Wednesday and finished the week at 170 1/4. Since Wall Street investors considered all three companies now to be in play, Warner stock jumped to 56 1/8, up 4 points for the week, and Paramount rose...
...which was 35% more than Time's stock price before the offer, exploited the dissatisfactions of many on Wall Street who had long cherished the notion that Time was worth more in pieces than whole. Since the merger agreement was reached on March 3, some investors had complained that the terms provided Time shareholders with no immediate financial reward. Reason: the agreement called for a debt-free swap of 0.465 shares of Time stock for each Warner share...
...just what are those values? In American society today, the emphasis is less on caring for others than on getting money and instant gratification. Notes Arnold Goldstein, director of the Center for Research on Aggression at Syracuse University: "We are a nation whose role models, Presidents and leaders on Wall Street have set a tone in the country -- 'I'm going to get mine.' " If the big-shot investment banker can take what he wants, often by illegal means, then a teenager may think he should be able to grab the spoils in the only way he knows how. Declares...