Word: crum
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...repellents. Example: some companies altered their bylaws to require a two-thirds or three-quarters majority of voting shares to make changes in company policy, and some also set up "golden parachutes" to protect top executives. When Xerox was threatened last summer by a bid from GTE, it bought Crum & Forster, the big insurer, so that it would be more difficult to take over...
...past four 1 years, Louisville has set a standard in college basketball recently, and it is not enough to say Houston raised the standard with a 21-1 second-half rampage that transformed the exercise into a 94-81 exhibition of stunt flying. "Kinda awesome," murmured Louisville Coach Denny Crum, whose players had never seen anything like it. "Not in a real game," said Scooter McCray...
Wall Street followers of the company are still puzzling over Xerox's offer last month to pay some $1.6 billion in cash and stock for Crum & Forster, the 18th largest U.S. property and casualty insurer. High-tech Xerox in the insurance business? To many analysts, it seemed anomalous, a radical and inappropriate diversification of resources...
David T. Kearns, 52, who in May succeeded C. Peter McColough, 60, as Xerox's chief executive, says, "We are not walking away from our core business." He defends the Crum & Forster deal by saying that it could eventually produce a lot of cash, which Xerox needs to support its vigorous research efforts in copiers, duplicators, electronic typewriters and other office gadgetry. Buying the firm was not Xerox's first attempt to diversify into financial services. In 1968 the company made, then dropped, a bid for C.I.T. Financial Corp. But Xerox's acquisition record has been unspectacular...
...Louisville. The Cardinals won 15 straight games last year before losing to Arkansas in the NCAA tournament on a 50-footer at the buzzer by U.S. Reed. Louisville coach Denny Crum has all five of his straters from that team returning along with a tumper crop of freshmen that...