Word: boss
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...same day that AT&T replaced faltering CEO Robert Allen with former Hughes Electronics boss C. Michael Armstrong, the phone giant put its staggering $14 billion Universal Card business on the block. AT&T terrorized the credit-card industry and started a trend by introducing, with spectacular results, the no-fee-for-life Universal Card in 1990. But the lack of a fee made AT&T dependent on interest charges that many customers refused to rack up. According to Robert McKinley, president of RAM Research, holders of as many as 60% of AT&T's 18 million Universal Cards...
...disappointingly mediocre follow-up by the makers of last year's brilliant Trainspotting. The illpaced narrative tells the story of Robert (Ewan McGregor), a recently-fired janitor who unwittingly kidnaps the beautiful daughter (Cameron Diaz) of his rich ex-boss. Screenwriter John Hodge attempts to freshen things up by tossing in gun-toting angels, a psychotic dentist and some forced romantic comedy, but only manages to further muddle the plot. A messy film that looks like a work-in-progress. --Jordan...
...certainly would surprise Americans to learn that China's boss, who arrives for his summit with Clinton next week, has a human face. Jiang's visit is raising hopes of a reconciliation between the two geopolitical giants that will end eight years of official frostiness precipitated by China's 1989 bloody crackdown on pro-democracy demonstrators in Tiananmen Square. Jiang certainly expects that. In his exclusive interview with Time, he declared, "At present, Sino-American relations have a favorable opportunity for further improvement...
Armstrong spurned an overture from AT&T last year because Allen, who earned $3.22 million in cash compensation in 1996, refused to step aside as boss. The board then hired Walter, who was willing to play second fiddle until Allen retired at the end of this year. But Allen short-circuited the arrangement last summer by recommending against giving Walter the CEO job. When Walter stomped out, the board launched a new search that--surprise!--turned up Armstrong again...
...problem may be mediocre writing. In the Yellow Pages episode last week, Ellen didn't want her friends to know she had hired a straight plumber. The scenes of her trying to prevent them from going into the kitchen, where he was working, were as forced as if the boss had been coming to dinner and Ellen had burned the meat loaf...