Word: launchful
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Harvard sophomore Derek Brown breathed new life into the Big Crimson Machine, surrendering just two games in his entire fifth singles match to launch Harvard to a 4-1 lead...
...distress that follows. Our sole purpose is to buy good companies with bad balance sheets. Our goal is to restructure their finances and come out the other end with a viable company." Zell is hardly alone in his ambition. Texas investor Thomas Kelly II and several partners plan to launch a fund to invest up to $500 million in cash- starved companies. "This is not some brilliant concept that somebody just thought up," Kelly says. "Everyone wants...
...Spence presentations are just one part of a mounting effort to establish fundraising goals and priorities for Harvard's planned $2 billionplus capital campaign. The fundraising effort, which administrators now say they hope to launch formally by the fall of 1991, would be higher education's largest drive ever...
...Next month Chrysler will launch a national ad campaign with the theme "Advantage Chrysler." Aimed primarily at Japanese rivals, the ads will feature Chairman Lee touting the ways in which his cars are as good as or better than foreign makes. Among the features: air bags as standard equipment, greater cargo room and longer warranties. While denying he was Japan bashing, Iacocca declared, "Japan today is wrapped in a Teflon kimono, especially when it comes to cars...
...1980s junk had become so popular -- and Milken so powerful -- that corporate raiders could launch a bid backed by little more than one of Milken's trademark letters stating that he was "highly confident" of lining up the necessary financing. Just for the ominous letters, Milken charged fees as high as $3.5 million. Backed by Milken, Texas oilman T. Boone Pickens attacked Gulf Oil in 1984, forcing the energy giant to merge with Chevron and earning nearly $400 million from his seven-month raid. Later Milken bankrolled Carl Icahn in a $1.2 billion takeover of TWA. Supported by Drexel...