The Week in Words: The jumbo LBO, and the jumbo jet

An emergency landing in Japan by a Boeing 787 owned by All Nippon Airways. The FAA stepped in Wednesday.
An emergency landing in Japan by a Boeing 787 owned by All Nippon Airways. The FAA stepped in Wednesday. (AP)
Posted: January 21, 2013

"I think if Dell gets done, it certainly will mean that the jumbo LBOs are back."

- Richard Farley, a lawyer who represents banks in buyouts, on Dell Inc.'s potential $23B leveraged buyout."

"This is a reinvention of the way we deliver our services to consumers."

- Marcien Jenkins, senior vice president, Comcast Corp., regarding X1, a new program for TV and entertainment.

"The 2008 collapse wasn't the flu - it was a major debilitating disease."

- Lawrence Remmel, partner, Pryor Cashman, on still-struggling Bank of America and Citigroup.

"What we want to achieve at the end of the day is a two-way discussion between Democrats and Republicans and out of that hopefully some progress being made on getting this deficit and debt under control."

- Rep. Paul Ryan (R., Wisc.) on a short-term extension of the federal debt limit.

"The FAA will work with the manufacturer and carriers to develop a corrective action plan to allow the U.S. 787 fleet to resume operations as quickly and safely as possible."

- Statement from the Federal Aviation Administration after grounding the troubled Boeing 787.

"[Boeing] is committed to supporting the FAA and finding answers as quickly as possible. . . . We are confident the 787 is safe and we stand behind its overall integrity."

- Jim McNerney, CEO, Boeing, after the plane was grounded internationally.

"To ask the ratepayer, who's already going to have higher rates, to pay for the privilege of having his rates jacked up, is adding insult to injury."

- City Controller Alan L. Butkovitz, on the decision to have Philadelphia Gas Works finance a study regarding its possible sale.

"It'll be a lot cleaner. It's going to feel a lot more open, a lot more safe, because of the clear sight lines."

- Arthur Littman, of Gilbane Inc., overseeing the renovation at Dilworth Plaza.

"We are poised this year to more than double or even triple business. And then this happened . . ."

- Elizabeth Turley, owner, Meesh & Mia Corp., a clothier, regarding employing more than 50 workers and facing stiffer regulations regarding health coverage.


Compiled from the Wall Street Journal, New York Times, Associated Press, Bloomberg and The Inquirer.

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