Word: cbs
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...cost are fueling the rising popularity of cash-balance plans. Some 20% of FORTUNE 500 companies, including AT&T and Xerox, now offer these plans, which cover close to 10 million workers nationwide. Two weeks ago giant Citigroup disclosed that it too is making the changeover; the week before, CBS made the switch as part of a comprehensive benefits overhaul. Both firms are sweetening the pot with stock options to keep workers focused on performance rather than longevity. IBM is reportedly contemplating a similar change that would save $200 million a year...
Belgrade, meanwhile, has opened up a bit. Television and other journalists have been allowed to report out of the Yugoslavian capital, albeit under restrictions. "This gives some sense of how the citizenry there is reacting to the war," says ABC's Murphy. CBS News is particularly pleased to have gotten its anchorman, Dan Rather, into Belgrade. "His name recognition has allowed us to get access to various officials and places," says Marcy McGinnis, CBS vice president for news coverage...
...beginning it did not look that way," says McGinnis of CBS, "because the desperate escape made it look like NATO had no plan." But the recurring images of suffering had a secondary, and thus far more significant, impact. "The footage day after day of human misery helped to galvanize public opinion," says NBC Pentagon correspondent Jim Miklaszewski, "and perhaps just as significantly it also strengthened the resolve of NATO officials" to carry on. TIME lifestyle senior editor Richard Zoglin, a longtime television observer agrees: "The only up close and personal stuff we have seen is from the refugees. And almost...
Panelists included Alvis, a WFCIA fellow; Instructor in Government Gary J. Bass '92, who is also a former reporter for The Economist; and Susan E' Reed, an Emmy Award-winning journalist for CBS and a Nieman fellow at the Kennedy School of Government...
...CBS reporter, she said, was woken up at 2 a.m. in his Belgrade hotel, detained and interrogated by Yugoslav police for a story he had written. He was finally abandoned at the border, miles from his hotel...