Word: chairman
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Dates: during 1980-1989
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American business leaders, who are eager to get Moscow's ear on joint-venture ideas, think they have found just the way to do it. A group of companies led by Dwayne Andreas, chairman of the agricultural giant Archer Daniels Midland, wants to buy the partly completed U.S. embassy in Moscow and convert it to office space for American companies doing deals there. Construction on the $22 million, eight-story facility was halted in 1985, when the U.S. discovered it was honeycombed with listening devices. If President Bush decides to pursue the proposal, he would have to persuade the Soviets...
MacDougall was quickly singled out by conservative critics as living proof of the press's alleged liberal slant. "It shows once more how easy it is to % hoodwink our media elite," wrote Reed Irvine, chairman of the right-wing pressure group Accuracy in Media (AIM). The conservative weekly Human Events said MacDougall's revelations will no doubt "raise concerns about the ability of Marxist agents to penetrate the mainstream media." The Wall Street Journal issued a statement expressing its outrage. "It is troubling," said the Journal, "that any man who brags of having sought to push a personal, political agenda...
...thousands of American companies large and small, the employees are starting to act as if they own the place. Well, they're entitled, because they do. Meet the new breed of hard-driving capitalist: the employee stockholder. At Oregon Steel Mills in Portland, the chairman's secretary has earned $500,000 in company stock, and a few of her colleagues have become paper millionaires. At Quad/Graphics, a Wisconsin printing company, the average five-year employee owns shares worth $250,000. In Avis car-rental offices across the U.S., employees are touting their stake in the company with lapel buttons that...
...requires that bidders must get 85% ownership of a target company to gain control, the ESOP is leaving Shamrock with almost no room to maneuver. When a Delaware court rejected Shamrock's challenge of the ESOP, Polaroid's workers "jumped up and down with joy," said Nicholas Pasquarosa, chairman of the employee committee. "We have developed loyalties here the way you do in a family." Shamrock is appealing the decision...
...case at Avis, which in late 1987 was bought by its workers for $1.75 billion. For Avis employees, who borrowed all the money for the deal, the ESOP ended ten tumultuous years in which the company had five corporate owners. "We needed stability, once and for all," says Chairman Joe Vittoria, 53, who has worked in the industry since...