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DETROIT: Disgruntled Chrysler shareholder and takeover nemesis Kirk Kerkorian has agreed to not increase his stake in the automaker for five years. The move brings to an abrupt halt a rough takeover fight that had played out over much of the past year, as Kerkorian unsuccessfully tried to wrest control of the company. In return for peace, Kerkorian lieutenant James Aljian will get a seat on Chrysler's board. Chrysler also agreed to buy back an additional $3 billion worth of company stock. The move could increase the value of Chrysler stock, and the value of Kerkorian's 54 million...

Author: /time Magazine | Title: Kerkorian Calls off the Dogs | 2/8/1996 | See Source »

This combination of a renegade vision and a faith that it will work distinguishes Forbes from the other candidates, whom he calls, in his charming preppy lexicon, "sourpusses" and "gloomy-doomies." Dole, with his barbed wit and allergy to abrupt innovation, is the most vulnerable to the comparison. "There's been a paradigm shift in politics, and I don't think Bob gets it," says Jan Anton, a California entrepreneur who was the state co-chair for Dole in '88 but is leaning toward Forbes this time. "Dole's a wheeler-dealer. He's just trying to hang...

Author: /time Magazine | Title: CAMPAIGN '96: KNOCK 'EM FLAT | 1/29/1996 | See Source »

Health Net's Dr. Ho called Dr. Schinke, who in a deposition and interview says he found the call coercive. "I didn't understand an administrator calling up and in an abrupt tone saying, 'Why in the world, what was your thinking, why are you recommending this patient consider such an option?'" But Dr. Ho, now with another HMO, says the call was "simply to remind him" that a transplant in a case like deMeurers' "is not indicated...

Author: /time Magazine | Title: MEDICAL CARE: THE SOUL OF AN HMO | 1/22/1996 | See Source »

...YORK CITY: In an industry that rarely keeps big secrets, media executives on both coasts were startled by the abrupt ouster of Frank Biondi as chief executive of Viacom late Wednesday. Biondi, a former HBO executive long viewed as the heir apparent to billionaire Viacom chairman Sumner Redstone, was widely respected for his management of an empire that included Paramount Pictures, Simon & Schuster Books, Blockbuster Entertainment and MTV. In a terse statement issued after the financial markets concluded trading for the day, Viacom said that Redstone, 72, had taken over Biondi's responsibilities and would be forming an executive committee...

Author: /time Magazine | Title: Sudden Departure | 1/17/1996 | See Source »

...such, the innocuous-seeming creature and its curvy spoor mark the threshold of a critical interlude in the history of life. For the Cambrian is a period distinguished by the abrupt appearance of an astonishing array of multicelled animals - animals that are the ancestors of virtually all the creatures that now swim, fly and crawl through the visible world. (See the top 10 scientific discoveries...

Author: /time Magazine | Title: When Life Exploded | 12/4/1995 | See Source »

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