Word: armacost
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Dates: during 1980-1989
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...world last month with a second-quarter loss of $640 million. Schwab's sudden departure seemed to be another sign of a muted power struggle at the huge (assets: $117 billion) San Francisco-based bank. At issue is the course being charted by the firm's chief executive, Samuel Armacost, as he struggles to engineer a recovery...
...nothing else, Schwab's resignation focuses renewed attention on BankAmerica's troubles, which can hardly give much comfort to Armacost. Some banking analysts are now predicting a major financial restructuring at the ailing giant, perhaps as early as Thanksgiving...
...Japanese institutions that have gained a foothold in California in recent years. "Stranger things have happened," says Chairman Leland Prussia. "If someone comes up with a good proposal, we would consider it seriously." Time could be running out for the bank's president and chief executive, Samuel | Armacost, who may be ousted if he fails to engineer a turnaround in the next year...
Contingency planning by the Pentagon and CIA has by now given Reagan and his commanders a wide range of options to choose from, and targets to select, if they again decide to strike. Israeli officials late last week claimed that State Department Under Secretary Michael Armacost had told them the U.S. has identified more than 30 potential Libyan targets, ranging from airfields to oil depots; Washington reports add such intriguing items as Gaddafi's personal living quarters. Under one scenario, attack planes launched from the Sixth Fleet carriers could be joined by F-111s from Britain (the British reportedly have...
...live in the U.S. White House Spokesman Larry Speakes announced that American military aid to the Philippines would be cut off if troops loyal to Marcos used the army against the Philippine reform movement forces led by Enrile and Ramos. On Sunday evening, Shultz and Under Secretary of State Armacost met at the State Department with Blas Ople, Marcos' Minister of Labor, who had come to Washington to plead the Philippine President's case. According to Ople, the American diplomats gave him a blunt message: Marcos had lost control of his army, the troops under General Ver were ineffectual...