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...more than a year, takeover artist and TWA chairman Carl Icahn has been missing from the roiling waters of corporate raids, beached by huge investments in Texaco and USX. But last week Texaco's largest stockholder sent a quiver through the New York Stock Exchange when he abruptly unloaded his 17.3% stake, or 42 million shares, for $2.07 billion (his profit: $600 million). The sale, which ranked as the largest single trade in Big Board history, was so unwieldy that three investment firms -- Shearson Lehman Hutton, Goldman, Sachs and Salomon Brothers -- teamed up to buy the shares. The bombshell transaction...

Author: /time Magazine | Title: CORPORATE RAIDERS: He's Baaaack, With $2 Billion | 6/12/1989 | See Source »

There has not been a municipal audit since 1985, but estimates of current debt run as high as $40 million. The city's mercurial third-term mayor, Carl Officer, 37, has gone so far as to propose selling city hall and six fire stations to raise cash, assuming anybody would buy them. City employees routinely get paid a month or more late...

Author: /time Magazine | Title: East St. Louis, Illinois | 6/12/1989 | See Source »

Dean Monro, enlisted the aid of University Health Services (UHS) psychiatrists in the fight for strict parietal rules. Carl A. L. Binger '40, Consultant in Psychiatry at the Harvard Health Service, conducted a study of Harvard and Radcliffe undergraduates that supposedly revealed that students were having sexual relationships out of lustful whims and desires...

Author: By Katherine E. Bliss, | Title: The Harvard Sex Scandal That Shook the Nation | 6/5/1989 | See Source »

...Bardach, Sarah Buffum, Stanley Kayne, Paula Hornak Kellner, Polly J. Matthews, Gary Roberts, Nancy Smith-Alam, Melanie Stephens, Robert B. Stevens, Eleanor Taylor Photographers: Terry Ashe, P.F. Bentley, William Campbell, Rudi Frey, Dirck Halstead, Cynthia Johnson, Peter Jordan, Shelly Katz, David Hume Kennerly, Neil Leifer, Steve Liss, Robin Moyer, Carl Mydans, James Nachtwey, Matthew Naythons, Chris Niedenthal, David Rubinger, Antonio Suarez, Ted Thai, Diana Walker...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 133 No. 23 JUNE 5, 1989 | 6/5/1989 | See Source »

...Bardach, Sarah Buffum, Stanley Kayne, Paula Hornak Kellner, Polly J. Matthews, Gary Roberts, Nancy Smith-Alam, Melanie Stephens, Robert B. Stevens, Eleanor Taylor Photographers: Terry Ashe, P.F. Bentley, William Campbell, Rudi Frey, Dirck Halstead, Cynthia Johnson, Peter Jordan, Shelly Katz, David Hume Kennerly, Neil Leifer, Steve Liss, Robin Moyer, Carl Mydans, James Nachtwey, Matthew Naythons, Chris Niedenthal, David Rubinger, Antonio Suarez, Ted Thai, Diana Walker...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 133 No. 22 MAY 29, 1989 | 5/29/1989 | See Source »

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