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...from a heart attack, Smith had reportedly told friends that his job "just wasn't fun any more." Some insiders said that he was forced out as a result of a personality conflict with the firm's aloof chairman and chief executive officer, J. Paul Austin...

Author: /time Magazine | Title: Business: A Turn at Coke | 8/18/1980 | See Source »

...late May the company's 15 directors were summoned by Austin to a special meeting. There they elected a new president: Roberto C. Goizueta, 48, a Cuban-born and Yale-educated chemical engineer who has worked for the company, mainly in technical and administrative jobs, since 1954. Most Coca-Cola watchers assumed that it would be a while before he would be declared the successor of Austin. At 65, Austin had been Coke's chief for 14 years and had already had his retirement postponed for a year, evidently to allow time to groom a successor. But last...

Author: /time Magazine | Title: Business: A Turn at Coke | 8/18/1980 | See Source »

...title in 1971, enchanting English fans with her fluid strokes and gliding style. Both are married women now, and they came to the tournament as underdogs, only to play brilliantly. Evert Lloyd deposed the reigning champion, Martina Navratilova, 23, and Goolagong stopped the rising star, Tracy Austin, 17, to meet for the crown. But it was Goolagong, playing tennis as though it were a sonata, not a sport, who carried the day. She won the first set 6 games to 1, then held off a gritty comeback by Evert Lloyd to win the final set in a tie breaker...

Author: /time Magazine | Title: Sport: Soggy Days at Swimbledon | 7/14/1980 | See Source »

...corporate America can send a company's stock tumbling and its executives packing. Reporter John Koten's series this year on executive jockeying at Coca-Cola was especially noteworthy, and not just for the trove of confidential and embarrassing information it turned up. Coke Chairman J. Paul Austin, who was probably more red-faced than anyone, also happens to be a director of Dow Jones. Appearing often on Page One too, are offbeat profiles (an industrial spy, an Alaskan fur trapper), social problems (inflation's ravages, the trials of the elderly) and exotica from all over (crime...

Author: /time Magazine | Title: Press: A Leading Economic Indicator | 7/7/1980 | See Source »

...irony is that Borg's unusual playing style was once a coach's nightmare, a self-taught batch of skills rarely seen singly, much less in combination. The two-handed backhand seems part of the tennis landscape now that Jimmy Connors, Chris Evert and Tracy Austin have made it respectable. But when Borg first came to public notice, no one had used the shot since Australian Vivian McGrath in the 1930s. Needless to say, Borg's method was considered idiosyncratic, a stylistic dead end. For that matter, topspin was viewed as the last refuge of Bobby Riggs trying...

Author: /time Magazine | Title: Sport: The Tennis Machine | 6/30/1980 | See Source »

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