Word: co-chairmen
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...co-chairmen of an earlier bipartisan commission on Social Security did send Clinton a plan for some long-range reforms in that system; he ignored it. Meanwhile, the President has been proposing what would amount to an entitlement to two years of college education, to be financed by a $1,500-a-year tuition tax credit. The cost would be modest--an estimated $8 billion over six years--and the President has offered specific revenue increases and spending cuts to meet it. All the same, talking up a new entitlement is no way to prepare citizens for the painful future...
Warner Bros. co-chairmen Robert Daly and Terry Semel were seen in the industry as Canton's sharpest critics. But this month they agreed to pay Arnold Schwarzenegger $25 million to appear as Mr. Freeze, the villain in the next Batman installment. Some executives are complaining that Warner is compounding the cost problem. Daly says the deal makes sense because Schwarzenegger's presence will boost the film's grosses, particularly overseas. Arnold is also taking "a lot less" of the film's gross profits than usual--he generally gets up to 20%--as well as a reduced share in profits...
...between CAA's Old Guard and the Young Turks who hold sway over many of the agency's most valuable clients. The awkward management structure Ovitz put in place before his departure had representatives of the younger generation in charge of operations, with oversight provided by three older co-chairmen...
After just six months on the job, Warner Music Group chief Michael Fuchs was ousted by Time Warner chairman Gerald Levin. Warner Bros. co-chairmen Robert Daly and Terry Semel will take control of the record company. And on the publishing side, both TIME and SPORTS ILLUSTRATED got new managing editors: Walter Isaacson for TIME and Bill Colson for SI. TIME managing editor Jim Gaines will become corporate editor...
...Hampshire has 259 towns and wards; Dole has two volunteer co-chairmen in almost all of them already. "Dole had only 20 regional chairmen statewide in '88," says Carney. "We'll have 500 people. Those are vested folks. They see their own reputations on the line, so they work hard." To goad their efforts, each chairman has been given a vote goal. Over the next seven months, their performance will be measured periodically and made known to their colleagues. "Politics is the state sport," Carney explains, "so competition is a powerful incentive...