Word: webber
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Dates: during 1980-1989
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...raider. Last summer, in such a ploy, Steinberg bought 11.1% of Walt Disney Productions. After a long battle with Disney management, he sold the stock to the company for $32 million more than he had paid for it. Says Lee Isgur, a longtime follower of Disney stock for Paine Webber, a Wall Street broker: "It was obvious that it would be very difficult, if not impossible, for Steinberg to buy Disney. But he played the publicity game very well. The stock was bid up, and he made a nice profit." Just before Disney, Steinberg greenmailed Quaker State Oil Refining, buying...
...with stocks in companies that produce machine tools, which climbed 21% in January, and shares in hospital-management firms, up 17%. Not surprisingly, brokerage houses stand to profit handsomely from the running of the bulls. Stock in Merrill Lynch has jumped 25.5% in 1985, to 33 7/8, while Paine Webber has surged...
...Barbara Webber, representing Abernathy and Mitchell a public relations firm in Washington. D.C. that has organized and publicized Kim's return, said they "hoped to prevent a situation similar to the Aquino affair." In 1983, the Philippine dissident returned from exile only to be assassinated as he stepped off the plane...
According to Webber, Chun's government has already forbidden press coverage of Kim's arrival at the airport. The only documentation of the event will be by those reporters who travel with Kim to South Korea. Webber suggested that the Aquino incident was made possible by the absence of press coverage...
Baker's wide political experience is welcomed by many business leaders, who figure that he will be a more effective promoter of financial legislation than Regan. "The President has appointed someone at Treasury who understands the political workings of our Government," says Donald Marron, chairman of Manhattan's Paine Webber brokerage firm. "This is the highest priority. Congress and the Administration need to form a consensus and move ahead on deficit reduction and tax reform." Business leaders expect Baker to get along well with Paul Volcker, chairman of the Federal Reserve, who was a favorite whipping boy of Regan...