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Equally sketchy were reports of what occurred when members of the U.S. Corporate Council on South Africa, an elite group of American business executives, met in London two weeks ago with their South African counterparts. While the participants, who included the chief executive officers of General Motors and Citibank, have kept a tight lid on the proceedings, it is assumed that strategies to hasten racial reform were discussed. Meanwhile another group, representing the 186 U.S. companies that subscribe to a code of fair employment practices known as the Sullivan Principles, sent a telex to the South African government urging Botha...

Author: /time Magazine | Title: South Africa: Out of Sight | 6/21/2005 | See Source »

Some firms were quicker than others to regard women as executive timber. In his latest book, Innovation and Entrepreneurship, Management Expert Peter Drucker reports that New York's Citibank was one of the first major companies to go after female M.B.A.s, in the 1970s. Recruiters who were sent out in search of the best male graduates in finance and marketing began reporting back to headquarters that many of the best graduates were women, not men. The bank told them simply to hire the best...

Author: /time Magazine | Title: More and More, She's the Boss | 6/21/2005 | See Source »

...Frederick's dream: Dracula makeup, dominatrix corset, your basic black garter belt. The hard-core fans, who mime the dialogue onstage, do more than suit up for the dream; they star in it. And once in a full moon the dream can come true. Ron Maxwell, 22, is a Citibank computer operator by day and one of the Eighth Street's performing "Brads" on weekends. Listen to this testimony of salvation: "At school I was a nerd, a dork, a social outcast. So of course I identified with Brad. Now I'm still a dork, but it's O.K. Rocky...

Author: /time Magazine | Title: Across the Land: The Voice of Rocky Horror | 6/21/2005 | See Source »

...time local officials dreamed that it would become a world financial capital in a class with Singapore. No one talks that way today. The decline in construction financing and restrictions by Saudi Arabia on dealings in the riyal, the Saudi currency, have hurt business. Many banks, including Citibank and Chase Manhattan, have slashed staffs and slimmed operations...

Author: /time Magazine | Title: Gulf of Woes: Banks decline and fall | 4/18/2005 | See Source »

Last week Greenly was reporting from Washington on the first meeting of the Electronic Networking Association, a trade group chartered last spring to "promote electronic networking in ways that enrich individuals, enhance organizations and build global communities." Some of the 180 participants were employees of firms like Citibank and AT&T that have built networks for their own internal use. Many were products of the counterculture and Me generations who now seek fulfillment in networking. "The business is just rife with spiritual odd fellows," says Stewart Brand. "They've found something that really does expand their consciousness...

Author: /time Magazine | Title: Computers: Here Come the Networkers | 4/18/2005 | See Source »

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