Word: kingly
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Dates: during 1990-1990
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...destruction of shanties erected to protest apartheid with sledge hammers on the Rev. Martin Luther King, Jr.'s birthday...
Wall Street wags are convinced that the junk-bond king will cooperate with federal prosecutors in return for a reduction of his 10-year prison sentence. Why? Toupees are not allowed in the federal penal system, and Milken, who wears one, can't bear the thought of going bare...
Those kinds of facilities, in addition to the school's more august holdings (it has a Gutenberg Bible and a garden donated by the King of Siam), help give Eton more the air of a university than a high school. That impression is intensified by the precocious self-possession of its students, who seem to have nothing teenage about them, maturing overnight from short pants into three-piece suits. Recent issues of the Eton College Chronicle, the boys' magazine, feature long articles on perestroika, detailed surveys of Malawi, rhymed quatrains about Salman Rushdie. Boys put on plays by Ken Kesey...
During the past few years, however, as one media giant after another merged with a powerful partner, Wasserman apparently became convinced that MCA needed to make a strategic alliance to gain King Kong-like size and access to hoards of cash. Capital Cities bought ABC, General Electric acquired NBC, Murdoch bought Fox, and Time Inc. acquired Warner Communications. As Wasserman reportedly told an MCA shareholder last year, "We're a 200-lb. gorilla in a game with 1,000-lb. gorillas. We've got to become a 1,000-lb. gorilla or get out of the game...
...King Kong was roaring after last week's announcement. Matsushita has some $16 billion in cash but plans to borrow much of the MCA purchase cost, which leaves the company with cash to buy up more properties at distressed prices. Said David Geffen, the music mogul whose 10 million shares of MCA stock were suddenly worth some $660 million, nearly twice their value three months ago: "This will be the most acquisition-minded company in the world...