Word: wirth
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...American boardrooms, courtrooms and legislatures. In 1985 companies were acquired, wholly or in part, at the frantic rate of eleven a day. When the dollar value of those deals is finally totted up, it is certain to surpass the record $125 billion reached in 1984. Says Democratic Representative Timothy Wirth, who chairs a House subcommittee that has been studying acquisitions: "These mergers and takeovers are having as profound an impact on the American economy as the advent of the great railroads, the airplane and the telephone...
...Jersey failure provided more evidence for politicians who are demanding a closer federal watch on the largely unregulated government- securities market. Two House Democrats, John Dingell of Michigan and Timothy Wirth of Colorado, plan to introduce a bill this week that would bring some 200 dealers under the supervision of a panel to be called the Public Securities Rulemaking Board...
...seems unlikely that Congress will raise opposition. Colorado Democrat Timothy Wirth, chairman of the House Subcommittee on Telecommunications, Consumer Protection and Finance, said last week that "there appears to be no major public policy obstacle to this takeover...
...that activity has attracted the official attention of Washington. A House subcommittee headed by Democrat Timothy Wirth of Colorado will open hearings this week on the merger mania in the oil industry and its impact on the U.S. economy. Heading the list of witnesses: T. Boone Pickens...
Congress, however, will still have to pass legislation to abolish federal margin rules, and Colorado Democrat Timothy Wirth, whose House subcommittee would be the first group to pass on the Federal Reserve's recommendations, is somewhat cool to the proposal. Says he: "I don't think we want to do anything to make the market more volatile...