Antagonistic investor Carl Icahn became a billionaire by bullying already distressed companies, but his harassment of Yahoo Inc. could leave him with a black eye -- and a hole in his wallet -- if he's wrong about Microsoft Corp.'s desire to buy the Internet pioneer.
Carl Icahn has launched a proxy battle to force Yahoo Inc. to reopen buyout talks with Microsoft Corp, the billionaire investor said in a letter to the Internet company on Thursday. Icahn has formed a 10-member rival slate for Yahoo's board to push the company to accept Microsoft's bid of $33 per share, or $47.5 billion.
The idea that Bostonians would wake up one morning and find out that the Ritz-Carlton Boston was suddenly the Taj Boston is astonishing. Built in 1927, the Ritz-Carlton was to Boston what the Plaza was to New York; the Palmer House was to Chicago; and the Adams Mark was (and is) to San Francisco—a home away from home that offered unmatched elegance, service and ambiance. I’ll take it one step further: perpetual perfection. The motto of the Ritz-Carlton staff: “We are ladies and gentlemen serving ladies and gentlemen.” A second Ritz-Carlton exists in Boston. But if you Google “The Ritz-Carlton Boston,” the following is
One reason I got out of the corporate environment is that I cannot stand meetings. I am efficient at a computer keyboard, not in a roomful of people. My wife, Peggy—now publisher of six magazines, a line of business books and online products, and proprietor of a trade show—is a master at running a tight meeting. Business gets done; people get out on time. Somebody suggested that all meetings should be held in a room with no chairs—no place to sit. When people are forced to stand, agendas are completed with amazing alacrity. If you think corporate meetings are basically time wasters, take a look
Absolute courage in the face of absolute adversity Sept. 13, 2005--Vol. 1, Issue #30 IN THE NEWS Philadelphia Park starter Russell "Rusty" Downes will face "internal disciplinary and economic sanctions" after leaving a filly behind the starting gate in Monday's Pennsylvania Oaks. Downes, 65, has dispatched runners from the gate for 35 years at numerous tracks but had never left one behind until Private Gift was ignored while five other runners were sent on their way in the $100,000 stakes race. --Craig Donnelly "Penalty is promised after big error at gate"
As Time Warner Goes, So Goes TIME IN THE NEWS Despite recent major world events like the London terrorist bombings in July and the late December tsunami in Thailand, newsweeklies continued to struggle for the first half of the year. Time magazine, published by Time Inc., saw circulation remain flat for the period at 4.05 million, while newsstand sales dipped 3.4 percent to 157,217 copies. Newsweek saw its newsstand sales plummet 14 percent to 126,163, while total paid circulation rose 1.8 percent to 1.05 million. --Stephanie D. Smith "ABC: Celeb Titles Enjoy Circ Gains" MEDIAWEEK.COM, Aug. 16, 2005 NEW YORK - Financier Carl Icahn