Word: storer
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...rumored last week to have bought 7% to 8% of CBS for $240 million. The purchase did not mean that Boesky was gunning for the network, but it did put him in a good position to profit handsomely from any CBS takeover attempt. In Miami, the management of Storer Communications, owner of seven TV stations in cities such as Atlanta, Boston and Cleveland, was fighting off an effort by dissident shareholders to dismember the company and sell its parts...
...Ebenezer Storer, a Boston merchant, replaced Hancock in the early 1780s, and with the help of fellow Fellow John Lowell he turned the University's finances around and made Harvard financially independent of the legislature. In 1789 the College held public securities worth more than *10,000. By carefully watching market rates they converted Harvard's assets to dollars, so that in, 1793 the College's portfolio amounted to more than $182,000., three times as much as 15 years before...
...chief executive officers who watch young newcomers scrambling to get into the executive suite, the market value of an M.B.A. is a matter of sharp debate. Typical of the bears is Peter Storer, chairman of the Miami-based Storer Broadcasting Corp.: "The M.B.A. is just not meaningful in our business. The guy who has gone through that program obviously has considerable academic brains, but the fact that he might make a great banker does not mean that we are going to hire him." Considerably more bullish is John Fery, a Stanford M.B.A. who is now chairman of Boise Cascade...
...have no higher absenteeism rates than usual, "NYSE spokesman James Grinder said yesterday. Employees arriving for work early received overtime pay. Storer said, adding "it was pretty much business as usual" on Wall...
...Board volume was lower than usuual--22 million shares--but Storer called that a coincidence. "The stocks they were talking about didn't seem to do anything dramatic. I checked a few of them, and General Electric, for example, was unchanged," Storer said...