Word: stakes
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...finally got him fired from the University of South Florida in Tampa, despite his position as a tenured professor. The dismissal, which al-Arian said last month he will fight, adds the free flow of ideas in academia to the catalog of freedoms that civil libertarians say is at stake in post-Sept. 11 America. "If this [firing] happens," says al-Arian, 44, "then every single tenured professor across the country could be terminated, especially Arabs...
...Nevada State Athletic Commission, which suspended Tyson's license in 1997 after he bit off a piece of Evander Holyfield's ear. The commission is still considering whether or not to reinstate Tyson's license for the Lewis fight, scheduled to take place April 6 in Las Vegas. At stake: $17.5 million per boxer and the heavyweight title. Judges have not decided who won the press conference...
Last week Axel Springer said it would exercise its $662 million "put" option to sell to Kirch an 11.5% stake in broadcaster ProSiebenSat.1 Media. (A "put" option is a risk-averse instrument that gives the holder the right to sell an asset at a predetermined price.) It demanded that the payment be settled by April. Kirch challenged the move?s legality, since the deal?s structure was reportedly left open to accommodate changes in German tax law. But as with so many of Kirch?s corporate dealings, there are subplots within subplots...
...Kirch empire?s main arms, KirchMedia already holds a 53.5% stake in ProSiebenSat.1, and is expected to merge with that company should a planned stockmarket float go ahead later this year. But another subgroup, KirchBeteiligungs, holds a 40% interest in Axel Springer. Why would Kirch permit a company in which it has such a sizable stake to cause it so much potential inconvenience? One theory is that the Springer family wants to reacquire shares in their company that Kirch bought in the late 1980s during a failed takeover attempt, and are exercising the "put" option as an arm-twisting tactic...
...report called for a more transparent and accountable process that involved all the stake-holders, so I hope that is something that is forthcoming,” McKean said...