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There are times, in the ratified world of corporation politics, when resignation can be painful but also profitable. Last November Robert Sarnoff, chairman of the RCA Corp. and son of its redoubtable longtime chief Brigadier General David Sarnoff, quit his $326,000-a-year post after the corporation's directors refused his request for a salary boost (TIME, Nov. 17, 1975). The event had all the earmarks of a boardroom putsch. Since 1971, when RCA absorbed a $490 million pretax loss in selling off the computer business that had been Bobby Sarnoff s brainchild, there had been widespread rumors...
...week-long will-she-or-won't-she drama was over. Citing what she described as "unjustifiable criticism" leveled at her husband, New York's Senator Jacob Javits, Marion Javits quit her $67,500-a-year job as a public relations consultant for Iran's national airline. Her decision obviously relieved the Senator, who is both a ranking member of the Senate Foreign Relations Committee and a leading advocate of U.S. support for Israel. But some feminists, among them Ms. magazine's Gloria Steinem, thought that the conflict-of-interest problem in the Javits household might...
...armchair, sampling the world's lunacy from television newscasts. He seems to have a gift for the mal mot, telling a menacing group of black separatists, "Hey, ol' Martin Luther King was one heck of a fellah, wasn't he?" or informing a $65,000-a-year rock entrepreneur in California that "back East you 'Frisco hipsters are kind of legendary, living off the land the way you do." Among other communards and coconspirators...
...flap in the household of New York's senior Senator Jacob Javits was rapidly becoming something of a political soap opera. When the story of his wife Marion's $67,500-a-year job representing Iran's national airline for a Manhattan public relations firm first broke two weeks ago, Husband Jack, 71, gamely allowed that his wife, 51, made "independent judgments" about her professional life; he brushed aside charges that her job compromised his integrity as a member of the Senate Foreign Relations Committee and a staunch supporter of Israel. But last week at a closed...
Taking the facetious advice of a family doctor, he went into banking in 1946, landing a $2,800-a-year job as a junior inspector at Citibank's old Wall Street headquarters...