Word: backers
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...halt the exodus, the Saatchis divided their advertising empire into two separate international networks. Backer & Spielvogel was merged with Ted Bates, while Dancer Fitzgerald Sample and Compton were combined to form Saatchi & Saatchi Worldwide. Says Carl Spielvogel, chairman of the merged Backer Spielvogel Bates network: "We don't cooperate with the other network in any way. We compete for the same clients." Simultaneously, lesser Saatchi- owned agencies were arranged in smaller groups...
...helped fuel a merger frenzy as other agencies joined forces to stay in the game. Meanwhile the brothers bought and bought. Among the dozens of U.S. firms they scooped up were top names like Compton Communications (purchased in 1982 for $55 million), Dancer Fitzgerald Sample (1986, $75 million) and Backer & Spielvogel (1986, $100 million...
...these people--we are on two different sides of the fence yet we're having coffee together," said Salim E. Kabawat, a backer of the Indepdenent slate...
...chess master blamed much of the Soviet Union's problems on Gorbachev. Kasparov, a former backer, said he became disillusioned with the Soviet leader in February when it became clear to him "that Gorbachev only wants perestroika of the system, but the Soviet people want perestroika of the society...
Krenz, the youngest member of the Politburo, is known as a tough backer of the country's orthodox communist structure. He had been in charge of internal security issues and government-run youth organizations while being groomed as Honecker's successor...