Word: boardroom
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Dates: during 1980-1989
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Today's black business class contributes generously to antiapartheid organizations, and many militants now accept it as the protagonist in a new form of confrontation with whites that is taking place in the boardroom. "At one time black managers in South Africa were little more than token blacks in white business," says Morakile Shuenyane, a spokesman for the independent Black Management Forum. "Now it is the responsibility of black management to play a role model with the intention of melting white attitudes." Far from serving as quislings for the white establishment, the new black elite is emerging...
...undergraduate days at Columbia in the early 1960s, classmates dubbed Frank Lorenzo "Frankie Smooth Talk." But as chairman of Texas Air in the 1980s, Lorenzo saves his talking for Wall Street and the boardroom, granting few interviews. In a rare 45-minute conversation last week with Richard Woodbury, TIME's Houston bureau chief, the feisty chairman answered his critics. Some excerpts...
...hiking boots and a rumpled red flannel shirt, Walter Gilbert '53 looks like a scholar who spends more of his time out of the laboratory than in it. But any time that the maverick. Nobel Laureate spends outside Harvard's ivy walls is more likely to be in the boardroom than the great outdoors...
Luckily, the announcers explained that the net can put the ball back in play on kicks and pass attempts. This must have been one of those last-minute decision in the boardroom...
...world-class disease." The new chairman plans to scuttle that moniker, along with the company's dubious strategy of being a sprawling travel conglomerate that rents cars and runs hotels. From now on, United will concentrate on the airline business, this time with its pilots eyeing roles in the boardroom as well as in the cockpit. After years of inner turmoil, the company is determined to recapture its onetime dominance of the friendly skies...