Bethlehem Steel plans to convert Lackawanna plant into port and industrial hub
Bethlehem Steel unveils a plan to repurpose its Lackawanna works into a combined port transit and industrial facility. Security Pacific Realty Advisory Services says negotiations are under way with potential users for parcels and buildings on the 1300 acre site, with two leasing agreements possible within two weeks. The plan, supported by no public funds, highlights a 1000 foot long canal and Union Ship Canal access, plus rail, road, and utility assets to move goods among ships, trains, and trucks.
MENTIONED IN THIS ARTICLE
Lackawanna, N.Y
Bethlehem Steel Corp
Gant Lackawanna Works
Irenaeus J. Yurchuk
Security Pacific Realty Advisory Services
New York City
Yurchuk
Robert W. Barclay
Security Pacific
Barclay
Bethlehem
Lackawanna Works
Myth of hostile takeovers protects shareholders says professor Jensen
Michael Jensen of the University of Rochester argues against the idea that outsiders always hurt shareholders in corporate takeovers. He cites research showing target shareholders often gain from tender offers and that raid profits can sometimes benefit the acquiring firm as well.
MENTIONED IN THIS ARTICLE
New York
Michael Jensen
University of Rochester
Managerial Economics Research Center
Jensen
Shareholders can win in corporate battles myth busting summary
In a Graduate School of Management alumni magazine piece, Jensen argues takeovers mainly transfer claims on resources between shareholder groups rather than consume resources. The only real costs are legal and advisory fees, while premiums to target shareholders may reflect value from asset consolidation. Managers are self interested but constrained by the corporate environment.
MENTIONED IN THIS ARTICLE
Graduate School of Management
Rabat Henat
Jensen
Will Defends Tax Increase Stance Amid Budget Critique
A reader criticizes George Will for advocating tax hikes in 1985 while noting federal spending rose from 1981 to 1984. The letter cites Grace Commission findings, bracket creep, Social Security taxes, TEFRA, and prior tax hikes. It likens the argument to Ebenezer Scrooge and questions underfunded tax relief.
MENTIONED IN THIS ARTICLE
Washington
George
George Will
Newsweek
Federal Treasury
George F. WilLl
Reagan
Mondale
Internal Revenue Service
Carter
Grace Commission
David Stockmans
Wise
Washington, D.C
Will
Tefra
Betty Lou
Ebenezer Scrooge
Bob Cratchet
Tiny Tim
Also Mentioned on This Page
Bethlehem Steel
Lackawanna
Great Lakes
Union Ship Canal
South Buffalo
Conrail
John Cunaiff
Richard Lesher
U.S. Chamber of Commerce
U.S
House of Representatives
F&m
Wa Gover
Trowal Bank
Mer
Ngoneer
Ey Esa
Mane
Tartar Monde
Jeep
Os Erica
Renauit
NEW Renault Alliance
Renault Flego
Leesburg
Metro
E. Market Street
Virginia
Ally
Allne
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