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"it's milken." >> it was milken's genius that created an entire market and fueled this takeover phenomena. >> we romanticize these characters. the fact of the matter, these are fat cats, first cousins to the financial manipulators, the robber barons of the late 19th century. >> they're trying to make a buck by doing nothing and putting people out of work. >> economists agree that some unemployment, some hardship is unavoidable in making the united states lean and mean again. but the takeover specialists call it corporate restructuring. >> corporate america needs some kick now and then to become a little more efficient and a little bit less entrenched. and that will probably do our economy a lot of good. >> thursday, goodyear fended off a hostile takeover bid but victory didn't come cheap. >> goodyear won by buying back half its stock and taking on a huge debt. plants were closed and workers laid off.