Word: bossing
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Dates: during 1980-1989
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Ideology aside, Darman's laser-like political foresight has served his boss well...
...American. C. Edward Acker, 54, once the risk-taking boss of Air Florida, was so convinced that he could turn around Pan American World Airways that he made a daring bet. If the airline failed to make money on its 1983 operations, Acker would forgo his chairman's salary of $475,000. Acker won his bet. Pan Am had a slim operating profit of $52.4 million last year, vs. a loss of $314.5 million in 1982. Predicts Acker: "We will continue to improve service by every means possible. We are going to move forward with even stronger results...
...firms with lower costs, and poor management. In 1977 Harvester brought in former Xerox Executive Archie McCardell, and then made him chairman in 1979, to pull it out of its slump; instead, things got worse. McCardell was ousted in the spring of 1982. Donald Lennox, another Xerox alumnus, became boss...
MANAGING THE BOSS...
...assumed the title of Chairman of the Defense Council, which controls Soviet defense and security affairs. With his portrait dominating political gatherings and his writings prominently displayed in bookstores, he is assuming many of the public trappings of power that Andropov disdained. He is also showing who is boss...