Word: card
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Welch placed a call to Andrew Card, chief of staff to President Bush, who was about to sit down with European leaders in Goteborg, Sweden. As the GE boss recounted the conversation to TIME, he told Card that he would appreciate "whatever help you can give us." In the formal meetings in Sweden, GE never came up. But on June 15, in Warsaw, Bush said he was "concerned" that the Europeans had rejected the merger. Monti was furious--not with Bush, he told TIME, but with those who had sought the President's help. Three days later Monti said...
...would have been like asking [Ford CEO] Jacques Nasser to drive a Toyota for 20% of the day," says Yale economist Barry Nalebuff, who advised GE. Monti asked Welch to consider the terms and return that afternoon. Welch did, and rejected them. The next day, Welch called Card and flew back to the U.S. Jeff Immelt, his successor as CEO of GE, went to the Paris air show to pronounce the deal dead...
...WILD CARDS Apparently the folks at Topps were cleaning out the attic and found a bunch of collectible memorabilia--in other words, they struck eBay gold. In honor of the 50th anniversary of the company's first baseball card, Topps will be auctioning off the contents of its archives on eBay throughout July, including such priceless treasures as a 1966 Green Hornet sticker featuring the young Bruce...
...Nineteen Republicans eventually defected and the rule was defeated 228-203. In the arcane wars of the House, this was a victory for Gephardt and a stinging blow for Hastert. But Hastert, who controls what legislation gets to the floor, held the trump card for the moment, announcing that he had "no plan to bring up this bill now." But with 19 GOP rebels now in his camp, Gephardt will pressure Hastert this week to change his mind. If Hastert doesn't, Gephardt will try to get a majority of House members to sign a "discharge petition," which can force...
Most of us blindly followed the Chance card that sent us from high school graduation to Harvard matriculation; Go Directly to College. Do Not Pass Go. Do Not Collect $200. We barely allowed three months to pull ourselves together and really consider the journey...