Word: selling
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Dates: during 1980-1989
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...week after the return of the envoys, National Security Adviser Brent Scowcroft and Deputy Secretary of State Lawrence Eagleburger, the White House is still waiting for that payoff. The Chinese leaders did promise not to sell missiles to Middle Eastern countries. That, however, was merely a repetition of a pledge first made more than a year ago. China also agreed to let a Voice of America reporter into the country for the first time since July. But if those are the only results of the Scowcroft-Eagleburger mission, it will not lower the criticism a decibel...
There's nothing like teaming up with a $100 billion company to improve one's prospects. Or so Swedish automaker Saab-Scania AB hopes. Saab last week agreed to sell General Motors a 50% interest in its car-making operations, which had 1988 sales of $2.6 billion, for some $600 million, plus a promise that GM will invest another $100 million. Saab, which also makes trucks and aircraft, will spin the auto holdings into a subsidiary to carry out the deal...
After stints at Yale drama school and Stanford, McGuane realized he had reached a "point of no return" in his literary vocation. "I was in my late 20s," he says. "I had prepared myself for no other career. What was I to do? Start selling lighting fixtures and hope to rise in the corporation?" Instead, he wrote The Sporting Club, an apocalyptic satire of an exclusive Michigan hunt club, which was published in 1969 to rave reviews. Two years later came The Bushwacked Piano, a biting social broadside about a scheme to sell towers stocked with insect-eating bats...
Maurice finally sounded a tocsin last March, warning that profits would decline for at least the first half of 1989. He also announced plans to sell off much of the firm's $360 million consulting investment. Calling the move "ham-handed," Alan Gottesman, an advertising analyst at the Paine Webber brokerage firm, noted that Maurice "managed to depress morale and performance in the consulting arm at the same time that he was letting potential buyers know they could pick up the firms at a discount." Fearing a messy auction, clients began to switch to other consulting agencies. So far, only...
Homes can still be a good investment -- much of my own money is in real estate, and so is much of the money of most of the successful stockbrokers I know (they sell stocks; they buy real estate). Even if there are fewer baby boomers entering the new-home market, the population continues to grow, and as it becomes wealthier, it will want more living space. So don't buy the new conventional wisdom unreservedly. But even in Los Angeles, where the whole point is to spend more than you can afford, rising values are no longer a given...