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greenmail
greenmail payment, by a corporation that is a takeover target, of a premium price for the shares of its stock that have been accumulated by the potential buyer. In exchange, the potential buyer stops the takeover bid.
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merger
merger in corporate business, fusion of two or more corporations by the transfer of all property to a single corporation. The remaining corporation continues in existence, having absorbed the other(s). Mergers may be of various types: A vertical merger integrates different types of businesses tha...
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Michael Robert Milken
Michael Robert Milken , 1946-, American financial executive, b. Van Nuys, Calif. Nicknamed the "junk bond king," he was an executive at Drexel Burnham Lambert, Inc., where he transformed corporate takeovers and financing by the use of high-yield junk bonds . At the height of his success in the ...
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Guangzhou
Guangzhou or Canton , city (1994 est. pop. 3,113,800), capital of Guangdong prov., S China, a major deepwater port on the Pearl River delta.
Economy
Among the largest cities in the country, Guangzhou is the transportation, industrial, financial, and trade center of S China. It is a spe...
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Camorra
Camorra , Italian secret criminal association in Naples. Of controversial origin, it first came to light in 1830. Its activities spread by intimidation, blackmail, and bribery until Naples was controlled by it. The Camorra appears to have been used by the Bourbon rulers of Naples as a quasi-police n...
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golden parachute
golden parachute a contract given to top executives of a corporation to provide benefits in case of job loss due to a takeover by another firm or a merger. The unusually generous benefits may include substantial severance pay, a one-time bonus payment when employment ends, or stock options.
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leveraged buyout
leveraged buyout the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. The acquiring company or group then repays the loans from the target company's profits or by selling its assets. Many lever...
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Duong Van Minh
Duong Van Minh , 1916-2001, Vietnamese army officer and political leader. A military adviser (1962-63) to President Diem , he helped to overthrow Diem in 1963. He was head of government (1963-64), after which he went into exile. Minh returned in 1968, serving as an opposition leader against Preside...
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miscarriage
miscarriage The common term for what is technically known as spontaneous abortion. A pregnancy may be lost for many different reasons and most often the cause is elusive, without a definable abnormality of either the fetus or the womb. The popular fictional instances of a shock or an accident precip...
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Juscelino Kubitschek
Juscelino Kubitschek , 1902-76, president of Brazil (1956-61). A surgeon who served as mayor of Belohorizonte and governor of Minas Gerais, he was elected president in 1955. He launched an immense public works program, borrowing heavily to construct buildings, highways, hydroelectric projects, and t...
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