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...Myerson, 62, announced that she is taking a 90-day unpaid leave from her $83,000-a-year job during a special city probe of her activities. Myerson also disclosed that she is the subject of a federal grand jury investigation into the activities of her companion, City Contractor Carl Capasso. Capasso, 41, was indicted the next day on charges that he evaded paying $774,600 in corporate and personal taxes...

Author: /time Magazine | Title: Mayor Koch and Queen Bess | 1/26/1987 | See Source »

...Young had forecast, a terrible wind came up last week at the conference- championship game against the Washington Redskins. The runner he had standing ready was 5-ft. 7-in. Joe Morris of Syracuse University, and the defense consisted hugely of Linebackers Harry Carson, Gary Reasons, Carl Banks and the Most Valuable Player in the National Football League, Lawrence Taylor. The Giants won the game, 17-0, and the playoffs, 66-3, maiming two opposing quarterbacks in the process...

Author: /time Magazine | Title: Sport: Elway and The Giant Way | 1/26/1987 | See Source »

...stock market breaks through an important psychological barrier into uncharted territory. While professionals take the milestone in stride, many believe that the run-up marks the start of a third and major upsurge in the great bull market that began in 1982. -- Corporate Raider Carl Icahn gives up on his bid for USX. -- Defections plague a computer-industry alliance...

Author: /time Magazine | Title: Time Magazine Contents Page | 1/19/1987 | See Source »

...Paula Hornak Kellner, Gary Roberts, Carol Saner, Nancy Smith- Alam, Robert B. Stevens, Mary Themo Photographers: Eddie Adams, Terry Ashe, William Campbell, Sahm Doherty, Michael Evans, Rudi Frey, Dirck Halstead, Peter Jordan, Shelly Katz, David Hume Kennerly, Neil Leifer, Ben Martin, Harry Mattison, Mark Meyer, Ralph Morse, Robin Moyer, Carl Mydans, James Nachtwey, Matthew Naythons, Stephen Northup, Bill Pierce, David Rubinger, Antonio Suarez, Ted Thai, Diana Walker...

Author: /time Magazine | Title: Time Magazine Masthead | 1/19/1987 | See Source »

...most corporate managers, the very mention of Carl Icahn's name is enough to cause shudders. But USX Chairman David Roderick may be tougher than most. Last week, after a three-month battle to gain control of the largest U.S. steelmaker, Icahn abruptly gave up, outmaneuvered by Roderick. The corporate raider and TWA chairman had been unable to raise the $10.5 billion needed to capture the company. Says Joachim Schnabel, investment officer for the College Retirement Equities Fund, which holds more than 2 million USX shares: "You have to credit USX management for not caving...

Author: /time Magazine | Title: Waterloo At USX: Carl Icahn meets his match | 1/19/1987 | See Source »

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