Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: utzoo!watmath!clyde!floyd!harpo!decvax!mcnc!rti!crm From: crm@rti.UUCP Newsgroups: net.invest Subject: Re: take overs - (nf) Message-ID: <1178@rti.UUCP> Date: Mon, 18-Jun-84 10:36:47 EDT Article-I.D.: rti.1178 Posted: Mon Jun 18 10:36:47 1984 Date-Received: Thu, 21-Jun-84 02:48:24 EDT References: ism780.242 Lines: 14 There was an article on Public Radio "Morning Edition" (or whatever) in which this was called 'greenmail' (Cf. 'blackmail'). As well as being morally reprehensible on the part of this Sol whatsisname, the position of the Disney management is a little funny too. Seems that Sol ?? (for some reason I remember his first but not last name) told the Disney management that if he managed to purchase the company, he would toss them all out. So part of the response was to save their own jobs at the stockholders' expense (since they used Disney assets to buy back to stock from Sol-baby.) As usual, now that the horse has left the barn, Congress is trying to make it illegal. Ghod knows how long it will take, or what it will mean when they are done.