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...memo, which claimed wide-ranging contacts and influence, was sheer bravado, "papering a job" with a name-dropping report to convince an employer that his interests are getting extensive and impressive care. Said one senior lobbyist: "For a job like this, one does not hire a $30,000-a-year flunky to swing a billion dollar deal." Besides, he added, "You never, never write it down. That's the first rule of the business...

Author: /time Magazine | Title: THE ADMINISTRATION: The Thickening ITT Imbroglio | 3/27/1972 | See Source »

...encouraging the third-levels to take over some of the regional lines' more unprofitable routes and to extend scheduled service into virgin territory. As a small start, CAB Chairman Secor Browne plans to ask Congress next month to authorize a $2,000,000-a-year experimental subsidy program for the scheduled third-levels. In return for subsidies, the lines would serve a number of "remote areas" to be designated by the CAB. If the program works, it will probably be expanded to other communities that lack air service...

Author: /time Magazine | Title: AVIATION: A Wing and a Subsidy | 2/28/1972 | See Source »

...theory, Oilman John McCandish King should be a pauper. He has lost his $170,000-a-year job as chairman of King Resources, a mineral exploration firm. That company has been forced into bankruptcy, and creditors are seeking to have Colorado Corp., a holding company that is 90% owned by King, declared bankrupt also. The Internal Revenue Service has slapped liens on his property for $5,300,000 in back taxes. Creditors, former investors, and tax authorities are suing him in at least six states to collect what is left of his personal fortune, which was once estimated...

Author: /time Magazine | Title: ENTREPRENEURS: Penury Without Tears | 1/17/1972 | See Source »

...term, ten-year stewardship. That leaves the 130 delegations little more than a month to find someone acceptable to all of the contentious Big Five and also to a majority of the Third World. According to Finnish Delegate Max Jakobson, the ideal candidate for the $65,000-a-year post would have to be "a person who is of no religion and of no race, a person who has no attachments to ideology or political convictions or to any particular tradition, a man who casts no shadow...

Author: /time Magazine | Title: The World: The UN: A Man Who Casts No Shadow | 11/29/1971 | See Source »

...opera stars the U.S. has ever produced. She sang leading roles at the world's great opera houses, from La Scala to Covent Garden to San Francisco, commanded top fees of $10,000 for concert performances and made recordings that turned into classical bestsellers. She became a $300,000-a-year, one-woman industry and, at the same time, the finest singing actress since Maria Callas. And because she did so as a thoroughly home-grown talent, she revolutionized the U.S. opera scene. In short, she became Beverly Sills...

Author: /time Magazine | Title: Music: Beverly Sills: The Fastest Voice Alive | 11/22/1971 | See Source »

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