Word: 80s
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...York City, security guards searched bags to prevent workers from carting away computers and company records. "People are in a state of shock. They're laughing and crying," said bond salesman Taylor Greene. Retorted a young broker as he stepped into a limousine with one last show of '80s bravado: "I'll enjoy reading about all this from Hawaii...
...echo carried that far and beyond. Drexel's notorious junk bonds -- debt instruments that pay high rates of interest because of the relative shakiness of the ventures they fund -- turned the financial world topsy-turvy and helped set the tone for the money lust that gripped America in the '80s. Armed with the bonds, corporate raiders swiftly raised the money they needed to attack even the largest companies. At the same time, investment bankers raked in billions of dollars by advising the raiders and selling junk bonds to eager borrowers. In what corporate America saw as a glorified protection racket...
...pitfalls of overreaching were on full view last month when the U.S. retailing empire that Toronto developer Robert Campeau assembled in the '80s was placed under the protection of federal bankruptcy court. A hard-driving raider, Campeau had used junk bonds to help finance the $10.2 billion he paid for Allied Stores and Federated Department Stores, whose ten chains include Bloomingdale's, Stern's and Jordan Marsh...
Even before Douglas terminated the self-assured domination of one 80s winner, other underdogs had already started the trend. They are the oppressed subjects of Soviet communism, and just like Douglas on that Saturday evening, they suddenly found themselves in a very unfamiliar and unlikely position. He was the unlikely champ; they were the surprise demonstrators...
General Motors can learn a few lessons from its dynamic, market-sensitive offshoot across the Atlantic. -- American taxpayers are rushing to file their returns by wire, which brings refunds in less than three weeks. -- Barbarians and liars populate a flurry of books about the '80s. -- Robert Ball on the West German mark...