Word: chairman
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Dates: during 1980-1989
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...adult general-interest book trade has been transformed by at . least 16 major acquisitions, from the 1986 purchase of Doubleday by West Germany's Bertelsmann (price: $500 million) to last year's takeover of Macmillan by British publishing magnate Robert Maxwell ($2.7 billion). As early as 1987, Warner Books chairman William Sarnoff quipped at the booksellers' convention in Washington that soon "we'll all just meet at the office of the lone remaining publisher." At this point, according to James Milliot, editor of the industry newsletter BP Report, the top six publishing houses reap 60% of all adult-book revenues...
...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...
...delegation at the Hyatt was hardly unique. Just across the way, House Ways and Means Committee chairman Dan Rostenkowski was playing in a Bob Hope celebrity golf tournament and managing to squeeze in speeches to five special- interest groups. And just after New Year's Day, 18 Senators and their wives were flown to Scottsdale, Ariz., to play in a charity tennis tournament with executives of Dow Chemical, Citibank, Morgan Stanley and Motorola. The next weekend another group of Senators was schussing down the slopes in Park City, Utah, courtesy of American Express, Delta Airlines and U S West...
Assistant Photo Chairman...
...everybody's ideal of a committee chairman. He might not like that, but that's the truth," says Geyser University Professor Henry Rosovsky of Sidney Verba...