Word: chairman
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Dates: during 1980-1989
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...another major carrier flew into the combat zone. In Minnesota directors of NWA, the parent company of Northwest Airlines, broke a week-long silence by rejecting a $2.6 billion takeover bid from a group headed by Los Angeles investor Marvin Davis. In spurning the $90-a-share offer, NWA Chairman Steven Rothmeier, 42, said his firm fully intends to remain independent. But Davis, whose group owns 3% of NWA's shares, vowed to press ahead with plans to acquire the company and its prize asset, Northwest, the fourth largest U.S. airline. The Californian's bid has raised the hackles...
...even as NWA geared up for battle, the appearance of unity began to fade. Minnesota Democrat James Oberstar, chairman of the House aviation subcommittee, met with Davis last week and later said the billionaire's promise to build a major airline-repair center in Minnesota makes the bid "a very attractive offer." But Davis will need all his charm and cash to persuade the defiant Northwesterners...
...Chairman and Chief Executive Officer: J. Richard Munro...
...Vice Chairman: Gerald M. Levin...
...highly unusual public apology, published as an advertisement in TIME and about 100 other magazines and newspapers, Exxon Chairman L.G. Rawl promised that his company not only will pay all direct cleanup costs but "also will meet our obligations to all those who have suffered damage from the spill." Under federal law, the company must pay the first $14 million in cleanup costs, then can tap a fund set up by the Trans-Alaska Pipeline Act for an additional $86 million...