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...long ago, Carl Icahn looked like just another face in the rogue's gallery of corporate raiders, the types who bad-mouth managers but seldom seem to spend an honest day's work trying to renovate the companies they attack. Yet lo and behold, this widely feared raider is proving a breed apart from the other fast-buck operators. He rolls up his sleeves. Icahn, 51, is a quick learner who is imposing his no-frills ethic on some of the largest and most troubled U.S. corporations. Right now, the unflappable Icahn (estimated net worth: $700 million) is simultaneously juggling...

Author: /time Magazine | Title: Tougher Than the Rest | 2/8/1988 | See Source »

...less nervous. In fact, he once again became a true believer in the bull. Reason: the healthier corporate profits he had been looking for had started to arrive. "Here I had this lurking fear that there were no longer any values in the stock market, and, lo and behold, what was starting to unfold was that earnings were coming back." Behind the rise were a determined cost-reduction campaign by American business and the long decline of the dollar, which encouraged U.S. exports and made imports less competitive. Says Lynch: "The popular opinion is that America is no longer competitive...

Author: /time Magazine | Title: Up, Up, then Doooown | 1/4/1988 | See Source »

...morning at 8 o'clock, I enter the Council Office in City Hall. The first thing I go for is the Harvard Crimson. The Crimson has always been my friend. On Monday, Nov 4, I went for the Crimson and turned to the special Cambridge page and Lo and Behold! I found my name to be in the Harvard Crimson Editorial column. I came across a paragraph that said "Incumbent Councilor Alfred E. Vellucci's unique brand of populism includes crucial support for rent control--he provides the outgoing Council's fifth. "swing" vote to protect the system. Vellucci, however...

Author: NO WRITER ATTRIBUTED | Title: Linkage | 11/3/1987 | See Source »

International art collectors may be surprised at a Christie's catalog this fall. Instead of rare Renoirs, Turners and Manets, they will behold photos and descriptions of shopping malls, office buildings and hotels worth at least $5 million apiece. In November the London-based art auction house plans to team up for the first time with Cushman & Wakefield, a giant Manhattan realty firm, to put some $100 million worth of prime U.S. commercial real estate on Christie's Park Avenue auction block...

Author: /time Magazine | Title: AUCTIONS: What Am I Bid For This Mall? | 7/27/1987 | See Source »

...videotape and instant replay, the A's were a sight to behold, especially on a color television. They were the first "made for television" baseball team, as their bright uniforms literally jumped into the family...

Author: By Alvar J. Mattei, | Title: The Changing Styles of Major League Baseball Uniforms | 5/1/1987 | See Source »

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