Word: worth
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Dates: during 1980-1989
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...necessary myth that the artistic director is a one-man band. But of course he has help, and Private View explains clearly how this bulky performing machine keeps going. Fund raiser Larry Lynn tracks Kimberly-Clark for $2,500 worth of free Kleenex. It is ballet mistress Elena Tchernichova who actually produces the"Baryshnikov ballerina." Fraser recognizes and describes the importance of Charles France, Baryshnikov's assistant, to his boss. A brilliant, obsessive fellow, France virtually handed his head, stuffed with dance scholarship and a phenomenal performance memory, to Baryshnikov on a plate. Often his erudition was crucial; a Soviet...
...seven other executives would see the value of their investment jump to $200 million when the sale was completed. That was only the beginning. By doing some simple arithmetic, critics of the plan calculated that the eight men's holdings, which were scheduled to grow to 18.5%, could be worth $2.6 billion within five years if they turned RJR Nabisco into a leaner and more profitable enterprise. Johnson's share alone would have been worth $1 billion...
...chairman of Hyatt Corp., his wealthy family and Philip Anschutz, a Denver oil billionaire. First Boston also wooed Harry Gray, the retired chairman of United Technologies, and several other high- rolling investors. The group came into the bidding with a show-stopping but tentative offer of cash and securities worth up to $26.8 billion, or $118 a share, for RJR stock that traded for $56 a share in mid-October...
That bid, quickly dubbed a "Chicago submarine" because it would torpedo the competition, easily surpassed both rival offers. The Johnson team had bid $23 billion, or $100 a share, while KKR had proposed a package worth $21.6 billion, or $94 a share. Board members extended the deadline until Tuesday, Nov. 29, to take any counteroffers and allow time to study each proposal. If none is accepted, the directors could supervise an RJR restructuring themselves...
...related has climbed steadily from about 25% in the early 1980s to almost 40% this year. The problem is double edged. On one hand, crack abusers frequently seem indifferent to the use of deadly force. On the other, the street-level drug trade is so lucrative that it seems worth killing for. In Washington law-enforcement officials attribute the mayhem to turf wars between rival dope gangs vying for shares of the city's wide-open, de-centralized crack market. The deadly competition in the two cities is made still more lethal by arsenals of sophisticated firearms smuggled from Virginia...