Word: premiums
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Dates: during 1980-1989
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...called unbundled stock units: packages that include a bond and two new types of securities. Partly because the new packages will allow the companies to pay less in taxes, investors might bid up the price of the new units. Raiders, Wall Streeters believe, might resist paying such a premium, thus foiling takeover bids...
Despite the appeal to pet-set snobbery, the premium foods do seem to make a difference. Super dog foods, for example, contain higher-quality protein and less sugar than run-of-the-mill fare. Result: animals that smell good, have shiny coats and do not excitedly jump about. Even the pet-food giants, which control most of the $6 billion industry, have started toeing the health-food line. Last year Ralston Purina introduced O.N.E., or Optimum Nutrient Effectiveness, for snooty canines. And Quaker Oats has revamped its Cycle products for young, old and overweight dogs...
...Times change. We looked at $75, and, remember, I had no financing. It was about a 30% premium. And we would not have disposed of as many companies as we will have to dispose of right now. We started at $75, but I knew we would probably get negotiated...
...dozens of places where premium increases show no sign of slowing, Proposition 103 could become a rallying cry. Robert Hunter, president of the National Insurance Consumer Organization, a Virginia-based group, says he has been "deluged" with calls from drivers eager to have their own states cut rates...
Massachusetts, another high-premium state, is trying to give drivers a break. A week before the vote in California, Massachusetts legislators approved a reform bill that will slice 16% off the state's tightly controlled auto rates in 1989. Aimed at easing a 27% jump in premiums over the past two years, the measure includes several cost-saving features to placate insurers. Yet such provisions could not halt a continuing exodus that has seen six major firms abandon the state since 1986. Allstate joined their ranks last week, when the Sears subsidiary said it would stop selling policies in Massachusetts...